Noida land rates increased

NOIDA: The Noida, Greater Noida and Yamuna Expressway authorities today hiked the residential plots rates by 10.41 per cent, industrial plots rates by 7.5 per cent and commercial plots reserved price by 15 per cent at a board meeting held today.

After the hike, Noida sector-category rates are Rs 54,105 for category A, Rs 37,710 for category B, Rs 27,465 for category C, Rs 22,955 for category D and Rs 19,675 for category E.

The rates are for per square meter land. Likewise, after the hike Greater Noida residential rates are Rs 18,660 and Yamuna expressway Rs 8,900. Authorities have also hiked the land compensation of farmers by 10.41 per cent.

This is the second board meeting held in a month. Usually only one board meeting is held.

After the last board meeting on July 9, rates were not hiked but district administration had announced new circle rates.

Now administration will have to revise the circle rates again dut to the hike in sector rates.