Large Noida: The level of property along the Yamuna freeway will be more charming in the coming days.
Yamuna Expressway Industrial Development Authority (Yeida) has revised a land rate of 5% in all categories with the effects of July 1.
The decision to climb institutional, commercial, housing, industrial and housing groups, in fact, was taken on.
Last week’s high meeting.
Authority officials said that they had calculated the applicable cost inflation index and adjusted the appropriate price.
In addition, from this fiscal, Yeida has also increased the price reserved given to farmers while buying their land.
While previously Yeida offered Rs 1,896 for SQM to farmers, now giving Rs 2,068 for SQM.
“The purchase price increased by 9%.
And the rate of allotment has increased by 5%.
Many development work must be taken and increased income will be used to develop the area,” said CEO Yeida Arun VIR Singh.
Previously the authorities had ordered RS 16,780 premiums per square meter for housing plots, while RS 44,000 was taken to allocate commercial properties.
Industrial plots are allocated at Rs 6,670 per square meter while those used for group housing projects are sold at Rs 17,200 per square meter.
The authority is eyeing revenue of Rs 2,870 Crore through land rations and property contributions to restore from all existing.
From that, around Rs 2,318 Crore will be installed through fresh allotment and the remaining RS 553 Crore as rent rent and transfer fees from existing allottes.
In other developments, Yeida has provided another opportunity to private developers to complete their contributions on August 31.
Authority will remove the developer from the defaugter list if they progress and pay 10% of their total contributions with a time limit.
The authority has given a large plot to 25 different real estate companies for years to build cities along Yamuna Expressway.
In addition, five plots were also provided for group housing projects.
At present, Yeida must restore contributions from companies that carry out city projects.
Chairman of the Supertech Real Estate Group and President Up-Naredco, RK Arora said, “We welcome this decision.
If the builder can look for last mile funds, jammed projects can be revived again.”
Yamuna E-Way Level Level Hiked 5% of July 1
