Pay more for home in Noida and Greater Noida

About 6.5 lakh people, who have bought property in Noida are likely to pay more for it as the realtors will levy additional charge soon.

Realtors will levy additional charge on home buyers both old and new because the Noida authority is planning to recover Rs. 1800 crore from builders. The authority has distributed Rs. 1800 crore as hiked 64% land compensation to villagers of 39 villages following an Allahabad high court’s October 21, 2011 order.

“We are working to figure out as to how much amount we should charge from realtors to recover Rs. 1800 crore distributed to farmers as per HC order,” said Pramod Kumar Agarwal additional chief executive officer (ACEO), the Noida authority.

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