Greater Noida Land Allocation Rates Hiked by 5.30% for FY25
GNIDA increases land allocation rates for FY25, affecting real estate market in Greater Noida and Noida Extension
Real EstateLand AllocationGreater NoidaNoida ExtensionGnidaReal Estate NewsJun 15, 2024
The region is witnessing a surge in developmental projects, including the Greater Noida West Metro, Multimodal Logistics Hub, and Transport Hub. These projects are expected to boost the economy and create new opportunities for businesses and residents alike.
The increase in land allocation rates will affect property prices and may impact the purchasing power of homebuyers. However, it may also attract more investments to the region, leading to further growth and development.
Information
The Greater Noida Industrial Development Authority (GNIDA) is a government agency responsible for the development of Greater Noida, a planned city located in the Indian state of Uttar Pradesh. GNIDA is responsible for allocating land for various purposes, including residential, commercial, and industrial use.
GNIDA (Greater Noida Industrial Development Authority) is a government agency responsible for the development of Greater Noida, a planned city located in the Indian state of Uttar Pradesh.
Frequently Asked Questions
What is the hike in land allocation rates for FY25 in Greater Noida?
The hike in land allocation rates for FY25 in Greater Noida is 5.30%.
What are the developmental projects coming up in Greater Noida?
The developmental projects coming up in Greater Noida include the Greater Noida West Metro, Multimodal Logistics Hub, and Transport Hub.
What is the impact of the hike on property prices in Greater Noida?
The hike in land allocation rates is expected to affect property prices in Greater Noida, which may impact the purchasing power of homebuyers.
What is the role of GNIDA in land allocation?
GNIDA is responsible for allocating land for various purposes, including residential, commercial, and industrial use.
What is the expected outcome of the hike in land allocation rates for FY25?
The hike in land allocation rates is expected to attract more investments to the region, leading to further growth and development.
Related News Articles
SEBI Introduces Framework for Unit-Based Employee Benefit Scheme for Real Estate Investment Trusts
SEBI has introduced a framework for unit-based employee benefit schemes for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). The framework aims to promote employee participation and safeguard the interests of all stakeh
Two Major Real Estate Stocks Soar After Reporting Impressive 120% YoY Sales Growth
India's construction industry is on the rise, with a projected expansion of 11.2% in 2024, reaching a market value of Rs. 25,316 billion. Two leading real estate companies, Godrej Properties Limited and Macrotech Developers Limited, have reported signific
Delhi-NCR Real Estate News: Yeida Launches Plot Scheme for Religious Buildings
The Yamuna Expressway Industrial Development Authority (Yeida) has announced a new plot scheme for religious buildings, fixing the rate at ₹10,000 per square metre. The plots will be allotted based on interviews without an e-auction process.
How a Rs 1500 Monthly Cash Transfer to Women Won the Maharashtra Elections
In a strategic move, the Bharatiya Janata Party (BJP) in Maharashtra introduced a monthly cash transfer of Rs 1500 to underprivileged women, which seems to have played a crucial role in their recent electoral victory. This initiative, along with the state
India's Real Estate Sector Set to Exceed USD 10 Billion in Equity Investments in 2024
In 2024, the Indian real estate market is witnessing a surge in equity investments, with institutional and collective vehicle investors contributing significantly to the growth.
Mumbai Property Market Reaches New Heights in 2024, Recording Best-Ever Performance
Mumbai's property market has achieved its best annual performance in 2024, with over 1.41 lakh registrations and a 12% increase in stamp duty collection. The trend is expected to continue in 2025, driven by robust demand for higher-value properties and im