Today 19.4.23 we could ride the lift to the top and capture some amazing views. Sharing the same:
First some video links
Mr Anil K Tiwari our member from PNB became the first to have a trail of the newly installed lift in S2 tower
Some video views from 18th/19th floor
“आगंतुक भाष्य”
We value your opinion
Dear Members,
Please find enclosed for your kind perusal following important write-up on your investment at Yamuna Expressway:
BKC Real Estate prices are 75% more than Nariman Point, which was THE ADDRESS IN MUMBAI….Similarly Yamuna Expressway to cross Noida Pricing
Dear Friends,
Post a very successful UP Global International Submit, MOU’s worth ₹33 lacs+ crores of investment were executed. As per the demography of the said MOU’s 27% (Approximately ₹9 lacs Crores) of Total UP investment is allocated to Gautam Budh Nagar District maximum of which will be invested in Yamuna Expressway followed by Greater Noida and Noida. Over & above, recently, all three authorities of Gautam Budh Nagar district have increased the land allotment prices by 30%-35% across all categories.
Resultantly, above, clubbed with News that Jewar Airport will be operational by early 2024, the residential real estate prices are skyrocketing in entire district.
Please find enclosed below three links of L&T Reality/ M3M & Max Estate upcoming residential plots in Sector 128, Noida. They are expecting RERA registration number by Mid- March 2023. Currently, from customers, for booking, they are seeking Expression of Interest with ₹10 lac cheque, which will be banked once RERA registration is completed. The prices on which letter of interest with cheque is being collected for above mentioned Housing Projects is upto to ₹22,000/- for BSP+ all add ons like Club Membership + Parking + Power back-up + PLC’s viz (View + floor rise + lease rent etc) and government levies, which normally add upto about 25%-30% of BSP on saleable basis.
Yamuna Expressway Real Estate Prices currently prevail 50% of Noida- Greater Noida Expressway & therefore once these three Housing Projects are launched, taking cue from them Yamuna Expressway prices are likely to reach ₹8,000/- per Sq ft to ₹11,000/- per Sq Ft shortly.
Gaur Areo Suits @ Yamuna Expressway Price about Rs. 6,500/- per sqft
Check Attached Rate list
Why Yamuna Expressway Real Estate Prices will be more than Noida
Currently, as mentioned in money control enclosed report, today BKC Real Estate prices are 75% more than Nariman Point, which was THE ADDRESS IN MUMBAI. For members better understanding, am pleased to enclose a money-control write-up, which will give all esteem members insight why Real Estate Prices Escalation will be maximum itself in Yamuna Expressway as it did for BKC in Mumbai🥳
Currently, members allotment rates for Society flats rates are the cheapest in entire Yamuna Expressway & therefore, it’s right time to invest in Yamuna Expressway and book profits. You may circulate this to your colleagues &/or friends/ relatives, who you think can gain from investing in Yamuna Expressway.
Watch updated visuals of the site;
http://pcb.net.in/blog/2023/04/20/view-from-the-top-of-speed-tower-s2/
View of lights on Speed Towers of 3 BHK, Link for details
http://pcb.net.in/blog/2023/01/21/ready-to-move-in-3bhk-in-sports-city-at-yamuna-expressway-2/
Warmly,
Saxena V M
Secretary,
Petroleum Coal & Banking Executives Welfare Society
Visit us at pcb.net.in
+91 9990623304
Encl: Links for further review of all above three Residential Projects:
1/L&T Realty in Sector 128 Noida | Pre Launch Offer | Price List, Brochure, Floor Plan & Reviews:
2/M3M Sector 128 Noida |Luxury Project Coming Soon:
https://www.m3mproperties.com/residential/noida/m3m-sector-128/
3/Max Estates Sector 128, Noida:
http://www.max-estates.com/#price-list
Dear Friends,
This is an offer for Ready to Move-in 3BHK and booking for Villas in Sports City at Yamuna Expressway.
Please note that we are offering best locations Villa’s in Sports City @ cheapest prices.
https://drive.google.com/file/d/1D2i1vBrvYZ2piBx9hLu8avPH-wg3m8A_/view?usp=drivesdk
Please check the interiors of 1850 Sqft 3BHK+1Servant + 4Toilets of Actual Flat:
https://youtube.com/watch? v=pRPKW2ioZW4&feature=share
Views of Actual 3 BHK finishing flats:
1.Living Room
Projects USP’s:
Please note that we are one of very few Projects, which have 100% paid up land. Please see No Due Certificate:
http://pcb.net.in/blog/2021/08/11/no-due-certificate/
ACCOLADE’s & AWARDS:
Check Society’s Members & Esteem Guests Views on the project, please check the following link:
http://pcb.net.in/blog/2016/07/25/mr-g-c-katiyar-executive-director-ongc/
We invite you to explore an opportunity to get a home in the sprawling 2600 acre Sports city, the Budh International Circuit Yamuna E-Way. Note that no other location offers 1000 acres of green area.
YAUMNA EXPRESSWAY USP’s:
Yamuna Expressway is the Top investment district at the UP Global Summit with investments. Investors are flocking to Yamuna Authority in view of the upcoming Jewar Airport. Along with this, Greater Noida Authority and Noida Authority have also attracted several investors.
The Uttar Pradesh government has received an investment proposal of Rs 32,92,000 crore from the Global Investors Summit (GIS), which will provide employment to 92 lakh people. Proposals worth Rs 7,85,937 crore came from Gautam Buddha Nagar during the Investors Summit.
The state’s first Medical Device Park has been inaugurated near the Yamuna Expressway. Similarly, Film City, toy park, apparel park, Handicraft Park, Logistics Hub are being developed in the Yamuna Expressway area.
Land allotment begins for Medical Devices Park
F1 track to host Moto G event this year, the capex has been finalized at Rs 472 cr. The revival of Indias only car sports facility will pave the the way for lot more activity and investments.
YEIDA promoted Yamuna City to be 2 times of Delhi and 15 times of Noida. 55 villages of Bulundshahar and Khurja district have been added for expansion. Noida International Airport to be focal point of development of Aerotropolis.
NOIDA INTERNATIONAL AIRPORT work on track for trials in March 24
Work on NIAL is on track and trial flights are expected in March 2024, while regular commercial and cargo flights may take off by the end of July 2024, says Arun Vir Singh, CEO of NIAL. Singh said the first flight is expected to take off from October 1, 2024.
Air India SATS-Zurich Airport to build integrated multimodal cargo hub at Jewar
As the Jewar Airport will need CISF security and as now the handover will be 9 months is advance, CISF camp has been allotted 50 acres to set up camp of 1000 personal who will be responsible for Noida International Airport security.
CRPF training center also allotted 100 acres.
Both are in sector 22 of YEIDA, this is in addition to ATS center that was allotted land in 2021.
Noida International Airport is currently under construction and will boast many upscale amenities. The cutting-edge facility will have various forms of transportation available, including a metro line, shopping complex and luxury hotel.
Boom Time for the area
Rs 5.86 laks Crores Investment to create 18.76 lakh Jobs🥳🌈👍
Gautam Buddh Nagar, which includes industrial cities of Noida and Greater Noida, has received investment proposals worth Rs 5.86 lakh crore since the announcement of Uttar Pradesh Global Investors Summit in November 2022, according to district officials. “So far in Gautam Buddh Nagar, investment intents worth Rs 5.86 lakh crore have been received from 871 investors. These investments will create 18.46 lakh jobs. Of these 871 investors, 792 investors have signed MoUs (memorandum of understanding) worth Rs 3.78 lakh crore. These investment intents have come since November 21, 2022, Kumar told PTI.
Noida shifts from affordable Real Estate Market to High End. Members to gain immensely.
The market is abuzz with news that L&T may launch a luxury offering in Sector 128, so might M3M in Sector 94 and County Group in Sector 115 and Max Estates. Most of these are expected to be priced between Rs 10,000 per sq ft and Rs 20,000 per sq ft. The entry of branded developers is expected to change the landscape of the city, which has all along been an affordable market, say real estate experts.
Yamuna Authority in May 2023 is auctioning 3 Group Housing Society Plots, near our Project. As the payment of plots is in 180days, branded builders will only Bid. This will push the real estate prices in our area & members investment will increase many times
New Noida will be just behind our Project.
Boom Time for Real Estate Investment prices are skyrocketing many times
The Central government and the Uttar Pradesh government have completely turned their focus on making the Noida-Greater Noida region an economic powerhouse in the north. They have been investing heavily. Apart from the Noida International Airport and Fintech City, they are also planning to make what they called New Noida. New Noida will be on either side of the Eastern Peripheral Expressway.
In New Noida’s Anandpur village, the land rate was Rs 12 lakh per bigha but it is now being sold at Rs 30 lakh per bigha. In Khandeda village, the land rates have increased from Rs 12 lakh to Rs 22 lakh, reported Tricity.
APPLE, known to all, has announced a Rs 2800 Cr investment in Yamuna Expressway
As Apple makes India shift, suppliers move to invest Rs 2,800 crore in UP (business-standard.com)
MICROSOFT and TCS are setting up campus near by
VANDE BHARAT coaches to be made in Jewar
Yamuna Expressway give Competition to Kota in Education
Narsee Monjee is most likely to start enrolling students from 2024, the year the Jewar airport is likely to be launched.
YEIDA CEO Arun Vir Singh said, “We have been working on a plan to create an education hub in the region on the lines of Kota. The idea is to bring all training institutes and coaching centers in one place.
Land parcels have already been allotted to several prominent educational institutions like Narsi Munjee, JBM University and Galgotias University in the Yamuna Expressway area.
https://m.timesofindia.com/city/noida/noida-off-yamuna-expressway-land-for-kota-like-coaching-hub/amp_articleshow/95543324.cms
Global tender likely for Film City along Yamuna Expressway
The project is planned over 1,000-acres of land in Sector 2 along the Yamuna Expressway, close to the Jewar airport site.
Top International Studios line up
Arun Vir Singh, CEO, YEIDA, said that global companies like Sony have shown interest in the project, which is being helmed by the Authority.
The film city will come up in Sector 29, along the Yamuna Expressway. A pet project of Chief Minister Yogi Adityanath, it is planned on an area of 1,000 acres and will be 6 km from the upcoming international airport in Jewar and 12 km from the Eastern Peripheral Expressway.
“We have floated a global tender for the film city. It is coming up in Sector 21 and we have received many queries from big guns like Sony, Fox, Universal,” Singh told Moneycontrol in an interview.
Few published write-ups on advantages of buying Property in Yamuna Expressway:
https://www.99acres.com/articles/investment-capability-of-yamuna-expressway.html
https://www.magicbricks.com/blog/why-invest-in-yamuna-expressway-authority-plots/124306.html
Upcoming Jewar airport pushes Yamuna Expressway land rates up 38% in 3 years; highest in India via @business_today
Affordable housing has gone for a toss in the satellite cities located in the National Capital Region (NCR), including Noida, Ghaziabad, and even Greater Noida.
Noida Airport to become as Major AMRO Hub:
https://aviationa2z.com/index.php/2022/06/30/noida-airport-to-emerge-as-a-major-mro-hub-in-india/
https://www.100knots.com/noida-international-airport-to-become-a-significant-mro-hub-in-india/
https://simpleflying.com/noida-airport-to-emerge-as-a-major-mro-hub/
https://m.timesofindia.com/city/noida/cabinet-policy-nod-clears-decks-for-aircraft-overhaul-hub-at-airport/amp_articleshow/92559006.cms
For you to assess the future of Real Estate on Yamuna Expressway, we are enclosing the following links for your kind perusal:
Sports City & Yamuna Expressway/ Greater Noida/ Noida Sector-150 Prevailing Prices:
TATA Eureka Noida Sector-150, 4Side open Plot, One Side on Yamuna Bank. Phase-1 Possession September 2023. CURRENT RATES @ nearing Rs11,000/- approx per Sqft on saleable basis.
https://drive.google.com/file/d/1s-O0qkWveWr-fjofHqfvKvlSObPvlgC7/view?usp=drivesdk
Godrej Greater Noida. Current Status 3Phases Sold. 4th & last Phase yet to be launched. CURRENT RATES @ nearing Rs15,000/-+ approx per Sqft on saleable basis. https://drive.google.com/file/d/1rzYkUSH-Joi4vt149SVJNkARkNPvdOOC/view?usp=drivesdk
Premiere Home & Soul Project: Sports City, Current status 4 Floors made. When we face F-1 Track, it’s on right side Sharing Common Boundary with us. CURRENT RATES @ nearing Rs 6,000/- approx per Sqft on saleable basis.
https://drive.google.com/file/d/1rLOO1oToi80lEVHz_ulwYdNhZdK6S8Mw/view?usp=drivesdk
Imperia: Sports City, Current status 2 Floors made. When we face F-1 Track, it’s on left side about 250-300 meters away from our Boundary. CURRENT RATES @ nearing Rs 6,300/- per Sqft on saleable basis.https://drive.google.com/drive/folders/1rXjfVef-WQeYxhtVOYX3C55gAqfF7zg_
Speedways Sports City, Current status finishing on. When we face F-1 Track, it’s on our back side about 250-300 meters away from our Boundary. CURRENT RATES @ nearing Rs 6,000/- approx per Sqft on saleable basis.
https://drive.google.com/file/d/1rRXafZuC2puIc0iXUIcGy_Ev-dSjL0Cc/view?usp=drivesdk
Purvanchal On Yamuna Expressway in Greater Noida. Approx 6 Kms away from Our project towards Delhi. Phase-1 Delivered. Rest Construction going. CURRENT RATES @ nearing Rs 6,000/- approx per Sqft on saleable basis.
https://www.99acres.com/purvanchal-royal-city-sector-chi-5-gr-noida-greater-noida-npxid-r10412
Gaur Yamuna City Yamuna E-way
Gaur Yamuna Expressway Unfurnished Studio Appartment prices scale to Rs. 9,000+ sq ft (Rs. 25 lacs for 275/-Sqft Studio)
Price Advantage of about Rs 10lacs, through Society:
Please note that Phase-1 of our project is at finishing stage, with lift being stalled in this month & offer letter of possession is being proposed to issued shortly. Please further note that members prices for 3BHK + 1Servant + 4Toilets of having three Sizes of 1850 Sqft/1935 Sqft /2080 Sqft. Through Society membership members save about Rs10 lacs on a investment of about Rs 60-82 Lakhs.
1-2 BHK limited inventory available
Please note that today people are coming in droves to Yamuna for investments as reported in following press report:
In last 4 Years demand of Land Skyrocketed to create a record @ Yamuna Expressway-Courtesy Jewar Airport
Please further note that the sale of 3BHK housing units has increased by 19% on a year-on-year basis, according to data accessed by PropEquity, a real estate data analytics firm. As many as 30,169 3BHK units were sold in the first quarter of 2021 while 25,307 units were sold in the first half of 2020, it said.
https://www.moneycontrol.com/news/business/real-estate/covid-19-impact-demand-for-3bhk-housing-units-on-the-rise-6940531.html
https://m.economictimes.com/industry/services/property-/-cstruction/sales-of-3-bhk-increase-by-19-across-top-7-cities-report/articleshow/83138309.cms
For any other queries please feel free to contact undersigned.
Warmly,
Saxena V M Varma R
Secretary Treasurer
+91 9990623304 +91 7678480014
Petroleum Coal & Banking Executives Welfare Society
Visit us at pcb.net.in
Dt 12.3.23
Tata Eureka rates increased today 19/12/22 by approx Rs 500 psft
See Current Price list
Rate on 19/12/2022
https://1drv.ms/b/s!AsJ8D8u6lAiAgekeD8sxhe0QRmK7wA?e=qcrHqF
Rate on 26/09/2022
Delhi-NCR emerges as second favourite home destination spot for NRIs: The findings of the recent CII-Anarock Consumer Sentiment Survey focusing on NRI sentiments towards real estate investments have yet again established their penchant for luxury homes.
While they differed in their views on choices of different investment locations, 63% of NRIs have voiced their interest in investing in property priced between Rs 90 lakh – Rs 1.5 crore. Hyderabad, NCR, and Bengaluru emerged as the first, second, and third destinations ranked by NRIs in the survey, which recorded the responses of 5,500 respondents. Of the participants, 22% of NRIs chose Hyderabad, 20% locked NCR, and 18% preferred Bengaluru.
Sharing his take on why NCR emerged as the second favourable destination by NRIs in the Anarock Survey, Amarjit Bakshi, CMD, Central Park, said, “The return of NCR as the second most favourable destination of NRI investment in real estate with more than 3/4th NRIs seeking bigger homes show how much homeownership sentiments with quality lifestyle have strengthened over the years in the region, especially Gurugram.”
“The depreciation of rupee has played out positively for NRI investors as most seek to diversify their wealth into the more favourable real estate sector as against stocks, FDs and gold. Apart from UHNIs & HNIs, who have an evident penchant for bigger homes with high-end amenities, world-class hospitality and close-to-nature living, NRIs too will be significant buyers of luxury properties in Gurugram as this global city has always been the foremost choice for investors as return on investment here is high,” he added.
The survey attributed the heightened interest of NRIs to invest in their homelands to the depreciating value of the rupee and the consistently growing demand in residential realty, despite constant repo rate hikes. It was expected that demands in residential real estate would face a downturn owing to rising home loan interest rates.
Talking about the prominence of the NCR region, which had seen a mix of private equity investments and NRI home investments, Ashwani Kumar, Pyramid Infratech, said, “The CII-Anarock survey reflecting that 20% of the NRI respondents plan to buy homes in NCR came at a time when another report showed that private equity investments had seen a spectacular increase in the real estate sector. Overall, it demonstrates the lucrativeness of the region and NRIs wanting to buy residences with long-term investment as their focal point is another new dimension and gives a broad view of how NCR is becoming a global real estate hotspot garnering interest from diverse emigrant groups.”
“On the other side, the emphasis on bolstering international connectivity and spearheading high-end infrastructural projects has opened enormous space and opportunities in residential and commercial real estate development,” he further noted.
The work-from-anywhere concept, which is a pandemic-induced working structure, has contributed to NRIs wanting to shift their base to India. Most of them belong to the US, Canada, Gulf, Europe, and Asian countries as well.
Sharing similar views, Ashwinder R Singh, CEO residential Bhartiya Urban, said, “The NCR region has particularly aroused the interest of NRIs in the sphere of home investments. Two major cities of NCR, Noida and Greater Noida, have attracted significant NRI traction as both cities are being systematically planned and developed in a phased manner. The homes that fall in the price bracket of 1 Cr and downwards are up for sale in the property markets and prove to be a healthy, long-term investment for NRIs. A significant section of NRIs, which comprises of mid-income groups working in foreign countries like the UAE, are primarily investing in retirement homes as they plan to settle down in India at a later stage of their lives.”
The survey has also dug deeper into the psyche of NRIs, underlining factors of why they are choosing to invest in NCR and other cities. It has also corroborated and provided sufficient material to the mid-year research reports that NRIs will consist of a major portion who want to invest in ready-to-move-in luxury apartments, condominiums, and homes.
Amit Jain, Director, Mahagun Group, said, “Due to its smooth connectivity with National Capital, competent business growth opportunities, and infrastructural developments like the ongoing construction of Jewar Airport and the emergence of new hubs like New Noida and Sectors close to Noida-Greater Expressway gaining traction, there are multiple advantages which are attracting NRIs to invest in luxury homes in NCR. NRIs possess the income bandwidth to invest in luxury and ultra-luxury 4BHKs and 3BHKs, where they can plan a life post-retirement or choose to settle permanently with families as work-from-anywhere models get popular in the West and Arabian countries.”
The Tata Eureka Housing project in Noida sector 150 adjoining Yamuna Eway and Greater Noida has had spectacular success. Not only have the bigger 3 BHK been sold out the rates have risen by 16% from July 21 and will further rise in Oct 22.
Attaching Tata price list and announcements for refrence to all prospective buyers.
Yamuna Expressway Industrial Development Authority (YEIDA) area or the destination of the upcoming Jewar airport near Noida in Uttar Pradesh is currently the most-in-demand in India and has registered 38 per cent rise in rates in three years, the highest in the country.
A report released by real estate researchers Anarock on Thursday showed that the average prices of plots on Yamuna Expressway stood at Rs 1,600 per sq ft in 2019 but have now shot up to Rs 2,200 per sq ft.
“The sharp rise in prices of the YEIDA area is the result of the construction of the Jewar International Airport. Since the time when the project was announced, prices in the region have shot up around 30-40 per cent. This is the highest land price rise that a micro market has seen among all the top seven cities,” Santhosh Kumar, Vice Chairman, Anarock told Business Today.
CEO of YEIDA and Noida International Airport Limited (NIAL) Arun Vir Singh told Business Today that the prevailing market rates of the land in YEIDA is much higher than the circle rates at which YEIDA is offering plots.
“Our current circle rate for YEIDA is Rs 18,510 per sq m. The market rates for these plots, we have learned, is around Rs 25,000 to Rs 30,000 per sq m,” Singh said.
Kumar added, “Plotted land price witnessed a sharp rise over the pandemic years. The other reason for the sharp rise cited was the limited availability of land in the area as well. Additionally, the price hike is also the effect of a rise in circle rates.”
Tata Housing Mailer for Indian Oil & ONGC Executives for example on best rate assurance.
Dear Mr. Saxena,
As discussed we are delighted to approve your proposal for exclusive corporate tie up with Indian Oil Corporation through you. We will give special price to IOC Staff under exclusive corporate offer. Kindly arrange for corporate meetings and presentations at various ;locations of IOC Offices /Refineries for their staff.
Looking forward for your support.
Warm Regards,
Kasib Khan
General Manager – Sales & Marketing
TATA Realty & Infrastructure Ltd,
Regional Office – North India:
TRIL Commercial Centre,
Intellion Edge, Tower-A, First Floor,
Sector-72, Gurugram – 122101,
INDIA.
Web: www.tatarealty.in
Dear Mr. Saxena,
Greetings from Tata Realty.
We are delighted to approve your proposal for exclusive corporate tie up with ONGC through you. We will give special price to ONGC Staff under exclusive corporate offer. Kindly arrange for corporate meetings and presentations at various ;locations of ONGC Offices/ Explorations/ Basins for their staff.
Looking forward for your support.
Warm Regards,
Kasib Khan
General Manager – Sales & Marketing
TATA Realty & Infrastructure Ltd,
Regional Office – North India:
TRIL Commercial Centre,
Intellion Edge, Tower-A, First Floor,
Sector-72, Gurugram – 122101,
INDIA.
The Delhi Metro Rail Corporation (DMRC) has submitted the Detailed Project Report (DPR) to the Yamuna Expressway Industrial Development Authority (YEIDA) for the Noida Metro-Noida International Airport at Jewar.
DMRC proposed the link metro from Knowledge Park-2 to Jewar Airport at the cost of Rs 5,329 crore.
The proposed metro rail line will be 35 km long with six stations and parallel to the Yamuna Expressway. This will benefit the people of Yamuna city along with Noida, Greater Noida and Delhi.
In the project, 4.18 km of the line will be underground, while 31.26 km of elevated line will be built. About Rs 5329 crore will be spent on the project.
According to a report by Nav Bharat Times, DMRC estimates that this link metro rail line can be built in 1.5 years.
Also, YEIDA plans to build another link metro rail line between the upcoming Noida airport and the existing IGI airport in Delhi.
In September 2021, YEIDA signed a memorandum of understanding with DMRC to prepare a feasibility report for a metro corridor connecting Delhi’s Indira Gandhi International Airport to the upcoming Noida International Airport at Jewar.
Along with metro access to IGI Airport, Noida International Airport at Jewar will have a spur route to the Delhi-Mumbai Expressway.
The Greater Noida Industrial Development Authority (GNIDA) on Tuesday said it has increased the minimum rate for buying farmland from Rs 3,500 per square metre to Rs 3,750 per sq metre with effect from April 1.
The GNIDA also announced an increase of around Rs 5,000 to Rs 7,000 per square metre in rates for residential sectors.Share:Edited By:
Zee Media Bureau
Updated:Apr 05, 2022, 23:24 PM IST
The Greater Noida Industrial Development Authority (GNIDA) on Tuesday said it has increased the minimum rate for buying farmland from Rs 3,500 per square metre to Rs 3,750 per sq metre with effect from April 1.
The GNIDA also announced an increase of around Rs 5,000 to Rs 7,000 per square metre in rates for residential sectors of Greater Noida. The prices of industrial and commercial land have also been hiked but the new rates would be notified soon, it said.
The decision, announced after the 126th board meeting of GNIDA held in Greater Noida on Tuesday, would benefit thousands of landowners in the villages falling under its notified area.
There are nearly 300 villages that fall in the notified area of GNIDA, which was formed in 1991 and functions under the Uttar Pradesh infrastructure and industries department.
“In the board meeting chaired by GNIDA chairman and UP Industrial Development Commissioner Sanjeev Mittal, a proposal was made by GNIDA CEO Narendra Bhooshan to increase the purchase price for buying land directly from the farmers,” an official statement said.
“The board accepted it and increased the purchase price by Rs 250 per square metre from Rs 3,500 per square metre to Rs 3,750 per square metre,” it added.
The purchase price for buying land directly from farmers in villages under the GNIDA was fixed at Rs 3,500 per square metre in 2016.
For residential sectors have been divided into four separate categories ? A, B, C and D. The new rates per sq metre of land will be Rs 39,000 for category A, Rs 36,000 for category B, Rs 34,000 for category C and Rs 29,000 for category D, the GNIDA said.
The old rates per sq metre were Rs 33,300 for category A, Rs 31,250 for category B, Rs 27,088 for category C and Rs 24,060 for category D, it added.
Sectors Alpha 1, 2, Beta 1, 2, Gamma 1, 2, Delta 1, 2, 3 and Swarn Nagri fall in category A.
Sectors CHI 2, CHI 3,CHI 4, CHI 5, CHI-PHI EXT. P 1, P 2, P 3, P 4, P 5, P 6, P 7, P 8, PI 1, PI 2, PHI 1, PHI 2, PHI 3, PHI 4, PHI-CHI, Sector-36 and Sector-37, Sector 2, 3 are in category B.
Category C includes sectors Eta 1, Omicorn 1, 1A, 2 and 3, XU 1, 2 and 3, Zeta 1 and 2, MU 1 and 2, Sigma 1, 2, 3 and 4; while category D includes Sectors 1, 11, 12, 16, 4, 16C, 17, 20 and Sector-Tech zone, the GNIDA said.
Bhooshan said the interest of investors for industrial investments in Greater Noida is increasing rapidly with companies from not only within the country but also from overseas asking for land to set up industries.
“The GNIDA is trying to develop industrial sectors by buying land from farmers, so that industrial investment can increase further and employment opportunities can be created for the youth. From April 1, 2022, it has been decided to buy land from farmers at the new rate,” he added.