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Housing to become costlier as allotment prices of Noida land hiked

The authorities hiked the allotment rates of Noida, Greater Noida, and Yamuna Expressway between 8.53 to 30 percent.



Zee Media Bureau

New Delhi: Housing prices are set to become costlier as all three development authorities under Gautam Buddh Nagar have approved a hike in the allotment price in Noida, Greater Noida and Yamuna Expressway.

At the 179th board meeting on Monday, the authorities hiked the allotment rates of Noida, Greater Noida, and Yamuna Expressway between 8.53 to 30 percent.

As per the new guideline, the Noida Authority have hiked the allotment rates in non industrial area by 15 percent while that of the industrial/commercial areas have been hiked up by 30 percent and 11.25 percent. The Greater Noida Authority have declared a hike of 8.53 percent and the Yamuna Expressway Authority have raised the rates between 14 and 18 percent.

Noida Board has also given its approval for a Rs 10,017 crore budget for the year 2013-14 during the meeting, which is 43 percent more than last year’s budget.

With Agency Inputs

From Zee News

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