Greater Noida: Reducing additional burden on all existing and prospective buyers, noida authorities that have increased the level of land all the properties of commercial restrictions with slightly more than 4%.
And on the lines of the Noida Authority, Gnida has been, for the first time, adding a 10% premium on the soil located within one kilometer on both sides of the Metro Corridor 7.2km.
Now, all schemes launched by Greater Noida authorities will be launched at the revised property level.
As per the new tariff that is notified by the authorities on Thursday, Premium Land for all categories unless the commercial has increased by 4.15%.
For those who want to buy land close to the Metro corridor, officials say the property value will rise 14.15% because Gnida will apply a 10% premium to the plot.
While prospective buyers must pay extra quantities, the existing Allastee which remains close to the Metro must also take into account the increase in transfer fees.
The authority will demand 2% of the extra transfer fee from allottes.
The plot value located along the Metro corridor is distance between the Hindon River in one end and Pari Chowk on the other side, will be steeper.
Because not much land is available on this route at this time, secondary market transactions will be more expensive now.
Additional CEO Noida Amandeep Duli said, “The decision to increase the level of land was taken after doing several regional surveys.
We found that transactions near the Metro corridor occurred at a higher level than anywhere else.
That’s why 10% premium has been added to the plot .
“Sharing further detail, Duli said that the revised rate will apply in the upcoming scheme.
“The level of commercial properties has been left unchanged because of poor sentiment in the commercial real estate segment.
Also because of the pandemic, demand for leasing office and commercial space has fallen substantially.
Therefore we do not add to the commercial plot level.” Gnida climbing property prices significantly on March 2020 throughout the city.
The city is divided into four zones – A, B, C and D – in accordance with demographic profiles and economic activities.
This time, the authority has an interest rate increase only to accommodate the inflation rate and boost the price of 4.15%.
Real estate experts feel that land fares must be left unchanged.
“Because of the pandemic, many entrepreneurs and entrepreneurs suffer losses and have family majority.
Increasing further land prices even with small margins do not send good messages to investors,” said Pankaj Kapoor Analytical Company Real Estate Data, Lias Foras.