Now the dream of owing property in Noida and Greater Noida might end up being just that, a dream. Land rates for residential plots in Greater Noida have almost doubled, while Noida Authority is planning to revise rates.
According to Lalit Srivastava, chairman, Noida and Greater Noida Authority, Greater Noida land rates have been hiked by 50-60 % in view of hike in land compensation. Residential land rates have been hiked from Rs 5900 to Rs 10,500 per sq m.
Lalit Srivastava announced a major rehauling of Noida and Greater Noida for Commonwealth Games 2010. We have decided to spend Rs 9000 crore for development of Noida and Greater Noida this financial year, he says. The board approved Rs 4009 crore for year 2008-09. Keeping in view the Commonwealth Games, several development projects have been planned for the city and Rs 3918 crore would be spent for that.
More : economictimes.indiatimes.com
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