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The Yamuna Expressway Industrial Development Authority (YEIDA) has recently finalized rates for purchasing agricultural land in Bulandshahr’s 55 villages. This move, aimed at facilitating industrial and urban development around the Noida International Greenfield Airport, marks a significant step toward regional transformation. The announcement underscores Yeida’s commitment to ensuring equitable compensation for farmers while addressing the increasing demand for industrial infrastructure.
Background: A Step Towards Planned Development
Yeida fixes rates to acquire land strategically located in Bulandshahr for new urban and industrial projects. These 55 villages were earmarked for development in June 2023. However, unauthorized construction in some areas prompted Yeida to expedite its land acquisition plans to prevent unregulated growth and streamline future urbanization.
The land will be pivotal for key infrastructure projects, including two expressways and a rail link connecting Chola Railway Station to Jewar. These initiatives aim to enhance connectivity and support the development of a warehousing and logistics hub near the airport.
Rates Finalized for Land Acquisition
To ensure fair compensation, Yeida formed a special committee led by Shailendra Bhatia. After months of deliberation, the committee proposed rates that balance the farmers’ demands and regional benchmarks:
- ₹3,800 per square meter: For farmers opting to receive 7% of the acquired land as residential plots.
- ₹4,300 per square meter: For farmers who choose monetary compensation without residential plots.
This decision aligns with rates offered in Gautam Budh Nagar, reflecting Yeida’s farmer-friendly approach.
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A Farmer-Centric Approach
Farmers in Bulandshahr had requested parity with compensation rates in Gautam Budh Nagar, where land acquisition has supported airport and infrastructure development. By addressing this demand, Yeida aims to ensure transparency and build trust with local stakeholders.
The finalized rates offer farmers a choice, enabling them to benefit from the development in ways that suit their preferences. This strategy also minimizes resistance, ensuring smoother acquisition processes.
Infrastructure Development: A Vision for the Future
The acquired land will drive several transformative projects:
- Expressways: Two parallel routes with a 2.5 km gap will foster industrial activity and support the creation of a warehousing hub.
- Rail Connectivity: A rail link will connect Chola Railway Station to Jewar, integrating the region with the Delhi-Howrah rail corridor.
These developments are expected to unlock significant economic potential, attract investment, and create job opportunities, positioning the region as a logistics powerhouse.
Strategic Importance of the Project
By finalizing land acquisition rates, Yeida is not just preparing for industrial growth but also setting the stage for broader regional transformation. The proximity to Noida Airport enhances the strategic value of this land, making it a prime location for businesses and industries.
The development plans also aim to create a symbiotic relationship between urbanization and industrialization, benefiting both local residents and the broader economy.
Challenges and the Road Ahead
While Yeida fixes rates and finalizes plans, challenges remain. Ensuring timely acquisition, addressing farmers’ concerns, and preventing delays will be crucial for the project’s success. Yeida’s proactive approach and transparent decision-making are expected to mitigate these risks effectively.
As infrastructure projects take shape, collaboration among stakeholders—farmers, developers, and local authorities—will be key to achieving shared goals.
Conclusion
Yeida’s decision to finalize land acquisition rates near Noida Airport is a landmark move toward creating a balanced and future-ready urban landscape. By addressing farmers’ demands and fostering industrial growth, Yeida sets the foundation for sustainable development.
With its focus on fairness, connectivity, and economic opportunity, this initiative showcases how Yeida fixes rates to benefit all stakeholders, ensuring the region’s growth remains inclusive and impactful.
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Ans 1. Yeida has determined two specific rates for acquiring agricultural land in Bulandshahr’s 55 villages. Farmers opting for 7% of the acquired land as residential plots will receive ₹3,800 per square meter, while those preferring monetary compensation without residential plots will be compensated at ₹4,300 per square meter. These rates aim to provide equitable choices for the farmers while aligning with regional benchmarks.
Ans 2. The land acquisition is part of a broader vision to facilitate industrial and urban development around the Noida International Airport. This land will support major infrastructure projects, such as expressways, a rail link, and a warehousing hub. The initiative reflects Yeida’s commitment to planned urbanization and economic growth in the region.
Ans 3. Yeida has taken a structured approach by forming a special committee led by Shailendra Bhatia to deliberate on fair compensation. After months of review and consultations, the rates were set to balance the farmers’ demands with the compensation practices in Gautam Budh Nagar, ensuring transparency and building trust among stakeholders.
Ans 4. Farmers are presented with a choice between two options. They can either opt for monetary compensation at ₹4,300 per square meter or receive ₹3,800 per square meter along with 7% of the acquired land returned to them as residential plots. This dual-option strategy provides flexibility and ensures that farmers can benefit in ways that best suit their preferences and long-term interests.
Ans 5. The acquired land is earmarked for transformative infrastructure development. This includes two parallel expressways designed to drive industrial activity, a rail link connecting Chola Railway Station to Jewar to integrate the region with the Delhi-Howrah rail corridor, and a warehousing and logistics hub near Noida Airport, which will unlock economic opportunities and enhance regional connectivity.