Noida News As the demand for property has increased, the allotment rates of Yamuna Authority have also gained momentum. Buying and selling property in YEIDA area became expensive. The authority’s 80th board meeting on Tuesday approved an increase of 5.14 percent in property rates for all categories. The new rates will be applicable from April 1.
As the demand for property has increased, the allotment rates of Yamuna Authority have also gained momentum. Buying and selling property in YEIDA area became expensive. The authority’s 80th board meeting on Tuesday approved an increase of 5.14 percent in property rates for all categories.
The new rates will be applicable from April 1. With its implementation, all types of properties, from residential to industrial to institutional, will become expensive. The authority will allot the property at the new rates.
Prices increased for house and industrial lands
The 80th board meeting of Yamuna Authority was held on Tuesday under the chairmanship of Principal Secretary Industrial Development and Chairman Anil Sagar. In this, the board approved the increase in property allotment rates for the upcoming financial year. Residential rates have been increased by Rs 1300 per square meter. Industrial plot rates have been increased from Rs 430 to Rs 698 per square metre.
In the institutional category, the price has been increased from Rs 400 to Rs 740 per square meter, in the social infrastructure category, it has been increased from Rs 590 to Rs 1120 per square meter. The allotment rate has been increased from Rs 450 to Rs 850 per square meter in IT & ITES category, and from Rs 430 to Rs 698 per square meter for industry.
Yamuna Authority CEO Dr. Arunveer Singh said that the minimum increase in property allocation rates has been made on the basis of inflation index. The new rates will be applicable from April 1. The allotment rate for Medical Device Park has also been increased by five percent to Rs 7360 per square meter for plots up to four thousand square meters.
Category Old Rate New Rate
- Residential 24600 25900
- Commercial 49200 51800
up to two farr
- Two FAR more than 59100 62200
- Group Housing 30750 32375
institutional
- Four thousand square meters. till 14280 15020
- More than 80 thousand square meters 7530 7930
- Social Infra 11310-21650 11900-22770
- Industry 11550-7290 12150-7670
- transport 51800
Mix Land Use (depending on area, up to two FARs)
- Industry 16840 15700
- Institutional 17930 15760
- Recreation Green 16200 15070
MORE THAN TWO FAR
- Industry 17670 16530
- Institutional 18770 16590
- Recreation Green 17030 15900
