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GN Authority increased allotment rate

Last updated: July 27 2012
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  • GN Authority increased allotment rate

    Greater Noida authority has increased allotment rate of all categories.

    New residential plot allotment rate is now Rs. 13000/sqm. from Rs. 11550/sqm

    Group Housing plot allotment rate is now Rs. 12400/sqm from Rs. 11000/sqm


    More details are shown in authority’s website

    http://www.greaternoidaauthority.in/seclrates

    Good news for all old allottees and old investors of pvt builders projects also. Now land allotment cost is increased so any new scheme/allotment (if any) by authority to pvt builder in Noida ext... price may be slightly costly in those projects.

    Regards,
    Pradeep Sharma
  • #2

    #2

    Re : GN Authority increased allotment rate

    one more point... Builder plot/group housing plot to be sold only with Bidding process so this is minimum price of allotment..

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    • #3

      #3

      Re : GN Authority increased allotment rate

      Minimum 15% cost increase of builder's new project can be expected because of this. But increasing the cost of flat is not feasible at this stage.

      Also prices could go much higher in fair bidding process (if happened)so I think builders will avoid further land purchase and focus on the sales of their existing projects.

      Supply might be reduced upto some percentage for some time.
      Last edited June 23 2011, 05:07 PM. Reason: spell

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      • #4

        #4

        Re : GN Authority increased allotment rate

        Thanks for posting. Do you also have the link for Noida Authority and Yamuna Authority prices for 2011-2012


        Originally posted by fritolay_ps View Post
        Greater Noida authority has increased allotment rate of all categories.

        New residential plot allotment rate is now Rs. 13000/sqm. from Rs. 11550/sqm

        Group Housing plot allotment rate is now Rs. 12400/sqm from Rs. 11000/sqm


        More details are shown in authority’s website

        http://www.greaternoidaauthority.in/seclrates

        Good news for all old allottees and old investors of pvt builders projects also. Now land allotment cost is increased so any new scheme/allotment (if any) by authority to pvt builder in Noida ext... price may be slightly costly in those projects.

        Regards,
        Pradeep Sharma
        SBS

        Comment

        • #5

          #5

          Re : GN Authority increased allotment rate

          Hi,

          Noida authority rates are not yet updated in website but leading newspapers have quoted 12.5% increment in allotment rate..

          http://epaper.hindustantimes.com/PUBLICATIONS/HT/HD/2011/06/13/ArticleHtmls/Plot-registration-may-cost-more-13062011007004.shtml?Mode=1


          Yamuna expressway authority's website is not updated from March 2011 due to legal case between IT company and authority.. so authority may publish new rates in news papers soon.

          Comment

          • #6

            #6

            Re : GN Authority increased allotment rate

            Let me know if any group housing plot of 10,000 or 20,000 sqm is available in Noida/GN/YEW for sale or lease or sub-lease ?

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