|
Noida: Buying land or a New Residential Projects In Juhu, Greater Noida or along the Yamuna Expressway may soon get costlier as the stamp and registry department has proposed to increase the circle rates by up to 35%. The proposal of hiking property rates by up to 30% after the board meeting comes to action after the board meeting of the development authorities of Noida. Officials said that the revised rates are likely to be implemented from Property for sale. “We have proposed between 17% and 35% in circle rates of all categories, including residential, institutional, industrial and commercial. While a hike between 17-20% has been proposed for the residential sector, institutional sectors and commercial sectors will witness an increase in circle rates between 27% and 35%. However, the proposal is subject to clearance by the state government,” said SK Singh, Assistant Inspector General (AIG), Registrar department. The proposal of hiking property rates will be sent to the district magistrate who in turn will send it to the Allahabad head office. The given proposal needs to be passed and at least a month and a half is required for the processing of this proposal. We expect the fresh rates to come into force by mid-July. www.topmumbaiproperties.com/invest-in-new-pre-launch-upcoming -juhu-projects/ has given a great impact on the lives of the people trying to buy land or property in Noida.The hike in both allotment and circle rate means that buying a house or any other property in Noida, Greater Noida or Yamuna Expressway will cost more. However, real estate players said that this will be a good way to develop a region. Even after the proposed rates are implemented, properties in Noida, Greater Noida and Yamuna Expressway areas will still be affordable if compared with Gurgaon. For developing infrastructures Click Here, there is need of funds and that can only be generated by increasing rates. Some people think that the increasing rates of land and other property in Noida is getting hiked day by day which is actually effecting people those who are planning to build various buildings, mainly houses and for other business purpose. This is absolutely justified if we take it in from a point of view of a common man. But on the other side, we should always think about the development of that place and how hard the development authorities of Noida are working to increase the infrastructure in Noida. The New Residential Projects In Juhuis increasing over years for the betterment of people living in Noida and for the overall development of that place. Narrowing the gap between market rate and circle rate is a positive step as it will promote flow of white money and prevent people from resorting to tax evasion.
Related Articles -
Property, prices, in, Noida,
|
