Recently, it announced
on the Wednesday that the prices of lands in Noida were suddenly risen by 18.4 %
and high rise in the current times that concurs with the state paying extra reimbursement
to the farmers from who it acquired the residential plots. The wise decision
was taken with positive attitude at a joint board meeting of Noida, Yamuna expressway
and Greater Noida authorities. In Noida, 18.4 % high rise improved is
applicable to all categories of land including residential, housing and
institutional properties, but not for commercial segment.
The rates of the
properties were hiked in Greater Noida, it sensibly and accurately observed
that from 4-49% upsurge depending on the land category. The revised rates are possibly
applicable in Noida with affirmative and instantaneous effect. In Greater Noida,
the rates will be applicable in Noida from 1 April 2015. The Yamuna Expressway
Industrial Development Authority has wisely decided not to revise the
existing rates. The rates of the commercial sector in Noida have not been
changed because of very slow down demand.
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