Property Rates in Noida Soar Amid High Demand

June 29, 2007	(1 votes, average: 1 out of 5)  Loading ...
Print This Story   Email This Story Subscribe Newsletter

The New Okhla Industrial Development Authority (NOIDA) has increased the rates of residential property in the city by an average of 70-80%. The move has been decided at a board meeting of the Authority on Thursday. The decision comes on the back of circle rates in Greater Noida which had been increased by 42% on Tuesday.

Also, there has been a significant hike in minimum office allotment price of Noida for such property. The rates for commercial, residential, and industrial properties have been soaring to high.

Outlined below is the chart that shows new property rates for Noida sectors:

Similar hikes are believed to have earmarked for Greater Noida by the authorities underlining the fact regarding rising demand for the property in the suburb given the conducive environment, excellent connectivity to Delhi through expressway and wide internal roads.The proposed Taj expressway and an international airport in Greater Noida have been approved by the State and Central Governments.

News Published Under:   Noida |

Comments