The Greater Noida Industrial Development Authority (GNIDA) has approved a 3.5% increase in property allotment rates, effective May 2. This adjustment comes as the Noida International Airport prepares to begin operations on June 15, which is expected to significantly boost the local economy and attract more investors and homebuyers. Current rates for residential plots in developed sectors are set at ₹51,363 per square meter, while those in less developed areas are at ₹47,413 per square meter. Commercial property rates have surged to ₹98,776 per square meter in prime sectors like Alpha and Beta, reflecting a growing demand. Additionally, industrial plot prices vary based on size and location, with smaller plots fetching higher rates. The revisions are deemed marginal and are in accordance with the cost inflation index, as stated by GNIDA officials, indicating a strategic response to anticipated economic growth in the region.