Greater Noida Property Circle Rate Hiked by 3.58% with New Road to Ganga Expressway

The Greater Noida authority has approved a 3.58% rise in the property circle rate for all properties in line with the Cost Inflation Index. However, the land allotment to government and semi-government departments will continue at the prevailing residential rate. This marginal hike in property circle rate is aimed at promoting investment in Greater Noida.

According to a report by Hindustan Times, the Greater Noida authority board also approved a Rs 6,048 crore budget for the financial year 2026-27 during its 143rd board meeting held on May 3, 2026. In this meeting, the authority cleared the proposal to extend a 37-kilometre road from Greater Noida to the Hapur bypass, with further linkage to the Ganga Expressway.

Deepak Kumar, the chairman of the Greater Noida authority and infrastructure and industrial development commissioner, stated that a 105-metre-wide road will be constructed, providing direct connectivity from Greater Noida to the Ganga Expressway, which was inaugurated on April 29, 2026, to connect Meerut and Prayagraj.

The proposed 37-kilometre road will offer direct seamless connectivity between Greater Noida and districts in western Uttar Pradesh, reducing dependence on congested internal roads. Ravi Kumar NG, chief executive officer (CEO) of the Greater Noida Authority, said, “It will be the third planned connectivity to the Ganga Expressway from the region, with the Delhi-Meerut Expressway-Ganga Expressway and Jewar–Ganga Expressway links also in the pipeline.”

The eight-lane road currently begins from Sector Alpha 2 in Greater Noida and extends about 6 kilometres near Bodaki village. The stretch between the Hapur bypass and the Ganga Expressway is about 15 kilometres. Once developed, commuters from Greater Noida are expected to reach the expressway within 30-45 minutes.

Kumar NG also mentioned that the extension will connect the Hapur bypass and then the Ganga Expressway. This has been added to the master plan 2041. The project is currently at an initial stage. In the next phase, the authority will appoint a consultant to carry out a detailed survey covering route alignment, funding requirements, and land acquisition. The project is expected to take two to three years for completion.

The proposed corridor will connect Sector Alpha 2 to NH-91, the Eastern Peripheral Expressway, New Noida, the Hapur bypass, and the Ganga Expressway.

Other developments in Greater Noida include the approval of a one-time settlement scheme for allottees of multi-storey flats ranging from the economically weaker section to 135 sq m, offering relief on interest charged on outstanding premium and delayed lease deed fees. Allottees can avail up to 80% relief on outstanding premium and delayed lease deed charges, according to officials.

Deepak Mishra, Senior Director of Residential Transaction Services at Colliers India, noted that the revision in Greater Noida’s circle rates after nearly nine years is a structural correction that brings official valuations closer to market realities. By narrowing the gap between market prices and circle rates, the move enhances transparency and reduces underreporting.

According to Mishra, for existing owners, especially in infrastructure-led micro-markets such as the Expressway, Sector 150, and the Jewar belt, it effectively validates asset values. Earlier, the wide gap between market prices and circle rates enabled partial underreporting in some transactions. The revised circle rates narrow this gap, ensuring registrations are closer to true market value.

Mishra also noted that in many new and under-construction projects, particularly along key infrastructure corridors, market prices were already well above circle rates, limiting any material impact on buyers. Mishra concluded, “Overall, the move improves price transparency and strengthens long-term confidence, making the market more favourable for genuine home buyers than speculative activity.”