The Noida authority has decided to raise prices by 20-25% for all residential, commercial and institutional land auctioned by it. Noida CEO, Mohinder Singh, said the new rates would be announced in a day or two.
Singh also said the plots of the countermanded draw of July 2004, which the Noida board had earlier decided to auction, would not be auctioned now. The authority is moving the Allahabad high court to seek permission to draw the names of allotees afresh and sell the plots at rates prevailing at the time of the original auction.
The authority also said people whose residential plot allotments had been cancelled for any reason, could now have these restored even if more than six months have elapsed since the annulment. This would be done for a fee, which will depend on how long ago the allotment was cancelled.
More : timesofindia.indiatimes.com
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