- By Aditya Pratap Singh
- Thu, 16 Apr 2026 06:27 PM (IST)
- Source:JND
Noida, the first planned city in Uttar Pradesh, has completed its 50-year journey. The city, which was developed to relocate industries from the national capital--Delhi, has become one of the country's top residential, commercial and industrial hubs during the course of the year.
For instance, Noida’s real estate market has yielded phenomenal returns, with land prices increasing more than 800 per cent during the five decades since inception. The lands were allotted at an initial price of Rs 100 to Rs 150 per square meter, but now see plots in both old and new sectors commanding lakhs of rupees per square meter.
Growth Was Moderate In Early Days
The sole purpose behind these new cities on the other side of the Yamuna was to relocate polluting industries from Delhi. Initially, Noida's growth started moderately. According to a Jagran.com report, during the 1980s and 1990s, multi-story housing was available through cooperative societies at prices ranging from Rs 1200 to Rs 1700 per square foot.
However, the city started witnessing a price appreciation boom post 2000, on the back of major infrastructure developments, including the Noida-Greater Noida Expressway, the Yamuna Expressway, and the expansion of the Metro network.
The infra boost attracted offices of national and multinational companies, giving further boost to the residential housing and commercial real estate market in the city.
Multi-Fold Growth From 2010
By 2010, average prices skyrocketed between Rs 3000 and Rs 3500 per square foot and over the past 10 years, land prices have surged significantly, as a flat that cost Rs 50 lakh in 2015 is now valued at over Rs 1 crore.
The real estate market in the city performed well in recent years, with land prices in many parts of Noida having increased by 98 per cent in the past five years.
Sector 150 Records Highest Growth
Sector 150 and the Noida Expressway recorded the highest growth, with price appreciation reaching up to 139 per cent. Meanwhile, the outlook remains positive, with upcoming infrastructure boosts such as the Noida International Airport, Film City, Metro extensions, and other new infrastructure projects.
(With inputs from jagran.com)