Buying land in New Delhi Noida has become more expensive now. The property rates have increased in the range of up to 500 meters on both the Blue Line and Aqua Line metro and expressways. The rate has been increased by 5 percent around the metro line while by 7 percent on both sides of the expressway. Apart from this, rates have also been increased by 5 percent in Sector-14A, 15A and A-B blocks of Sector-44.
The rates of 2.0 FAR on commercial plots in the city’s sectors have been reduced by 15 percent. Where there is a provision of 4.0 FAR, there has been no change in the rate. The TM (transfer memorandum) charge for property whose rates have increased will also become expensive. However, given the condition of the market and the low number of buyers, it is difficult to say how much impact it will have on the property market.
According to experts, the impact of the expensive rate of property will be seen in the market only when people have money to buy. According to the present situation, there are no buyers of the property even at the current rate.
The property rates have increased in the range of up to 500 meters on both the Blue Line and Aqua Line metro and expressways. The rate has been increased by 5 percent around the metro line while by 7 percent on both sides of the expressway.
