Noida circle rate: Now buying land in Noida has become very expensive, new rates released

Noida News As the demand for property has elevated, the allotment rates of Yamuna Authority have additionally gained momentum. Buying and promoting property in YEIDA space turned costly. The authority’s eightieth board assembly on Tuesday accredited a rise of 5.14 p.c in property rates for all classes. The new rates shall be relevant from April 1. Let us learn about it in element.

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As the demand for property has elevated, the allotment rates of Yamuna Authority have additionally gained momentum. Buying and promoting property in YEIDA space turned costly. The authority’s eightieth board assembly on Tuesday accredited a rise of 5.14 p.c in property rates for all classes.

The new rates shall be relevant from April 1. With its implementation, all kinds of properties, from residential to industrial to institutional, will become costly. The authority will allot the property on the new rates.

Prices elevated for home and industrial lands

The eightieth board assembly of Yamuna Authority was held on Tuesday below the chairmanship of Principal Secretary Industrial Development and Chairman Anil Sagar. In this, the board accredited the rise in property allotment rates for the upcoming monetary yr. Residential rates have been elevated by Rs 1300 per sq. meter. The rates of business plots have been elevated from Rs 430 to Rs 698 per sq. metre.

In the institutional class, the worth has been elevated from Rs 400 to Rs 740 per sq. meter, in the social infrastructure class, it has been elevated from Rs 590 to Rs 1120 per sq. meter. The allotment fee has been elevated from Rs 450 to Rs 850 per sq. meter in IT & ITES class, and from Rs 430 to Rs 698 per sq. meter for trade.

Yamuna Authority CEO Dr. Arunveer Singh mentioned that the minimal improve in property allocation rates has been made on the idea of inflation index. The new rates shall be relevant from April 1. The allotment fee for Medical Device Park has additionally been elevated by 5 p.c to Rs 7360 per sq. meter for plots as much as 4 thousand sq. 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

• 4 thousand sq. meters. Upto 14280 15020
• More than 80 thousand sq. meters 7530 7930
• Social Infra 11310-21650 11900-22770
• Industry 11550-7290 12150-7670
• Transport 51800

Mix Land Use (relying on space, as much as 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

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