Noida may see its first circle rate revision in two days
NOIDA: The district administration is set to announce in two days its first circle rate revision in nearly a decade.
It was earlier this year that the administration proposed a substantial increase across various property categories. The most notable changes included a 30% hike for flats in Greater Noida and Greater Noida West, while Noida's condominiums are faced with a 20% increase. The decision, according to officials, followed multiple consultations with stakeholders.
Feedback from residents were also considered. Homebuyers, who submitted the majority of objections, urged the administration to retain existing rates for ongoing registrations, citing financial stress. However, they did not attend the public hearing of theses objections, held at the collectorate in Surajpur on April 7. "We are in the final stages of preparing the updated list. It will be declared over the next two days," DM Manish Verma told TOI. tnn
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