GDA to fast-track new township in I'puram amid property price surge
Planned across 230 acres off the Delhi-Meerut Expressway, the scheme was first announced nearly 20 years ago but stalled following farmers' protests over land acquisition. Now, with the market heating up, GDA vice-chairperson has directed the engineering department to prepare a detailed layout plan.
According to GDA officials, average circle rates in Indirapuram stand at Rs 8,825.7 per square feet, while market values have jumped 73% between 2021 and 2025.
In 2021, homes were selling at Rs 4,400 to Rs 5,400 per sqft. But in 2025, prices had climbed to Rs 8,100 to Rs 9,000 per sqft.
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Of the planned 230 acres, GDA currently holds 96 acres, while 29 acres have already been sold. Acquisition hurdles remain for 103 acres.
In June, the Authority freed 24 acres in Kanawni, worth around Rs 800 crore, after clearing a decade-old encroachment. GDA plans to integrate this land parcel into the scheme.
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"Indirapuram recorded a 19% price hike in FY 2025, which is double the city's average of 9%," said a CREDAI-NCR representative. "Recent changes in UP Building Bylaws, 2025, now allow higher vertical development, with enhanced Floor Area Ratio (FAR) limits, making high-rise group housing more viable."
Previously, the FAR had been capped at 2.5 in developing areas and 1.5 in developed zones, alongside strict ground coverage and density limits.
The revised rules permit an additional 5% FAR for commercial facilities — either on the ground floor of residential towers or in separate buildings — and another 5% for community amenities.
Developers say that improved infrastructure has fuelled interest.
"With rapid rail services and NH-9, connectivity for Indirapuram, Siddharth Vihar, and Crossings Republik has transformed," said Shailendra Sharma, chairman of Renox Group, a developer. "The upcoming flyover and metro expansion will further boost demand across the city's micro-markets."
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