Circle rates
in Noida hiked
The Noida
Authority has increased circle rates in Noida by 60 to 80 %. The decision taken
at a board meeting of the Authority on Thursday comes after the circle rates
for land in Greater Noida were increased by as much as 42 per cent on Tuesday.
The rates for land to be sold for residential complexes have been divided into
three categories.
Category A,
including Sectors 14A, 15A, 17 and 44, have been raised to Rs 38,000 per square
metre, while the same for
Categories B and C will now be Rs 27,800
and Rs 16,750, respectively. Sectors for institutional areas, like Sectors 1,
16 and 24, will see an increase to Rs 18,000 per square metre in the
sub-category 1. The rates for sub-categories 2 and 3 have been raised to Rs
6,000 square metre."
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4/1/2011
Best
investment opportunities in Real Estate Noida and Greater Noida
If you want to make money in some months, invest in Real Estate Noida circle.
In the current market scenario Noida and Greater Noida is best option for
investment.
Best times are as much an opportunity to make money as boom times, say experts.
It only requires structured market analysis to get your returns right. Take the
case of investors who have purchased at a frenzied pace during boom times. With
the property market churn slowing down, many investors are exiting the market
at cost price or even less. For instance, an investor who put in Rs 70 lakh
(30-40% of the total cost of the property) in a premium project in Gurgaon,
recently sold at a profit of a plain 7-8 lakh.
For those who
purchased 15 days after the booking began, the rates were higher. Those buyers
have no option but to hang on or sell at a loss. But this is a good opportunity
for end users or long-term buyers to enter the property market. The developer
has now started receiving final clearances and sanctions for the project and
the project will start soon. This is good news for an end user who knows that
his property will be ready in a few numbers of months. """
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