News & Views on Indian Real Estate

Tuesday, August 12, 2008

Property in Noida to cost you more

Buying a property in Noida may cost you more now as the circle rates or the fee the government charges to register a property are likely to go up. For residential sectors in Noida, the hike is between 7 and 33.33 per cent for plots and for apartments, the hike is between 18 and 22 per cent (depending on the sector). For industrial sector in Noida Phase I, the hike is 20 per cent, for Noida's Phase II sectors such 8-, 81, 83, 84 it is 100 per cent and for Phase III sectors it is 33 to 50 percent. The new rates come into effect from August 10.