Noida circle rate: Now buying land in Noida has become very expensive, new rates released
Noida News As the demand for property has increased, the allotment rates of Yamuna Authority have also gained momentum. Buying and selling property in YEIDA area became expensive. The authority's 80th board meeting on Tuesday approved an increase of 5.14 percent in property rates for all categories. The new rates will be applicable from April 1. Let us know about it in detail.
The Kalamkar News (New Delhi). As the demand for property has increased, the allotment rates of Yamuna Authority have also gained momentum. Buying and selling property in YEIDA area became expensive. The authority's 80th board meeting on Tuesday approved an increase of 5.14 percent in property rates for all categories.
The new rates will be applicable from April 1. With its implementation, all types of properties, from residential to industrial to institutional, will become expensive. The authority will allot the property at the new rates.
Prices increased for house and industrial lands
The 80th board meeting of Yamuna Authority was held on Tuesday under the chairmanship of Principal Secretary Industrial Development and Chairman Anil Sagar.
In this, the board approved the increase in property allotment rates for the upcoming financial year. Residential rates have been increased by Rs 1300 per square meter. Industrial plot rates have been increased from Rs 430 to Rs 698 per square metre.
In the institutional category, the price has been increased from Rs 400 to Rs 740 per square meter, in the social infrastructure category, it has been increased from Rs 590 to Rs 1120 per square meter. The allotment rate has been increased from Rs 450 to Rs 850 per square meter in IT & ITES category, and from Rs 430 to Rs 698 per square meter for industry.
Yamuna Authority CEO Dr. Arunveer Singh said that the minimum increase in property allocation rates has been made on the basis of inflation index. The new rates will be applicable from April 1.
The allotment rate for Medical Device Park has also been increased by five percent to Rs 7360 per square meter for plots up to four thousand square meters.
Category Old Rate New Rate
Residential 24600 25900
Commercial 49200 51800
Upto 2 FAR
More than 2 FAR 59100 62200
Group Housing 30750 32375
Institutional
four thousand square meters. Upto 14280 15020
More than 80 thousand square meters 7530 7930
Social Infra 11310-21650 11900-22770
Industry 11550-7290 12150-7670
Transport 51800
Mix Land Use (depending on area, up to two FARs)
Industry 16840 15700
Institutional 17930 15760
Recreation Green 16200 15070
More than two FAR
Industrial 17670 16530
Institutional 18770 16590
Recreation Green 17030 15900