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| Greater Noida |
GREATER NOIDA: Your dream house in Greater Noida has just got costlier. In its 97{+t}{+h} board meeting on Wednesday Greater Noida Industrial Development Authority (GNIDA) announced a 10.21% hike in the allotment price across all categories of land in the city. The hike comes into effect from April 1 this year. The authority will soon take out a formal notice.
Officials said allotment rates across all categories (except industrial in Greater Noida Phase-II) have been hiked by 10.21%. “Plots in Phase II will be cheaper by almost 27%,” said Rama Raman, chairman and CEO, GNIDA.
The Authority had in May last year increased the land rates by 8.53%. “The increase in prices happens every year. The new per square metre rates will be applicable from April 1, 2014,” said Harish Verma additional CEO, Greater Noida Authority. “The hike in allotment rates is crucial considering increase in land costs, inflation rates among other factors,” Verma said.
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