Noida may see 10% rise in allotment rates
May 15, 2014
Source : The Times of India


DELHI: Buying property in Noida is likely to cost more from June. The Noida Authority proposes to hike the land allotment rate of residential and commercial properties by 15% and industrial properties by 10%, respectively, according to sources. The new rates are likely to be effective from June.

Sources told TOI the proposal is ready and will be tabled in the next board meeting of the Authority scheduled in June.

“We will first approve this proposal in our board meeting. The rates will come into effect after the final decision,” said a senior Noida Authority officer, who is working on the proposal. He said the land allotment rate will be increased in all categories, including residential, group housing, commercial, institutional and industrial plots. He also said the hike was unavoidable as the Authority requires funds to meet the expenses of its upcoming infrastructure projects.

The Authority had hiked the rates from 9-12% in May 2013.

Latest Realty News

Maximum Scope of Money Laundering in Real Estate Sector: ED
May 15, 2014
DELHI: The real estate sector in India has the maximum scope for money laundering activities and there should be some sort of regulatory mechanism to keep a check on such activities, Special Director of the Enforcement Directorate Balesh Kumar today said.
Good returns drive residential market of Golf Course Extension Road
May 15, 2014
DELHI: Golf Course Extension Road has been developing as a premier lifestyle destination for residential and commercial property owing to fast-paced infrastructural development and good connectivity to NH-8 and South Delhi through Gurgaon-Faridabad Expressway.
Investments have an edge along NH-8
May 15, 2014
DELHI: National Highway 8 has been playing a crucial role in catering to the people coming from all corners of the country by facilitating the growth of commercial and residential property investments along this stretch.
Rs 8 crore road link for Manesar Phase V
May 13, 2014
DELHI: The newest industrial pocket of IMT Manesar – Phase V – is now being readied for fresh development activity lined up for the coming years. The industry authority, HSIIDC, has recently put together a road layout plan for this newly acquired development land, which will connect parts of Phase V with the rest of the township.
Integrated townships come to Meerut
May 13, 2014
DELHI: Meerut’s realty market has shaped up as an ideal destination for affordable-range housing with prices in other NCR regions like Noida, Gurgaon, and Ghaziabad slipping out of the reach of the average middle-class homebuyer.
Ansal Properties to invest Rs 130 crore on SEZ development in Greater Noida
May 13, 2014
DELHI: Realty firm Ansal Properties and InfrastructureBSE 3.72 % has revived its plan to develop a 75-acre IT special economic zone (SEZ) in Greater Noida and will invest about Rs 130 crore over the next three years on construction.
Prices of commercial property like offices and shops fall 30% from peak on oversupply, weak demand
May 13, 2014
DELHI: Prices of commercial property, which includes offices space as well as shops in malls and shopping complexes, have fallen 30% from their peak values in 2008 because of a glut in supply and weak demand over the past few years.
Sahara may exit finance business by December 2017
May 12, 2014
DELHI: Faced with a tight cash flow, Sahara is contemplating to exit its finance business by December 2017 and focus on retail, real estate, life insurance and mutual fund, its chief Subroto Roy has said in a letter to Prime Minister Manmohan Singh.
Ultra-luxe NCR apartments a rage with expats, corporate travellers
May 12, 2014
DELHI: If you have recently arrived in Gurgaon, Noida or Delhi for work, and don’t like the idea of putting up at a hotel, you need not live out of a suitcase. An increasing number of business travellers coming down to this neck of the woods for a few days, weeks, months or years are opting for a more homely experience. Thanks to a whole new crop of plush apartments in NCR that are being converted into beautiful homes, visitors are now choosing to opt for full-service apartments that are being p
Noida: Residential units can be built on institutional plots
May 12, 2014
DELHI: Finding no takers for developing institutional properties in the city, Noida Authority has decided to allow such plot owners to sell a portion of the land for residential use. This decision will help offer more housing projects in the region.

Latest Realty News Of State

Realty Talk's