Tata Eureka rates increased today 19/12/22 by approx Rs 500 psft
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Rate on 19/12/2022
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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.
Depreciating value of rupee heightens interest of NRIs
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.
Work-from-anywhere concept – One of the major reasons NRIs wanting to shift their base to India
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.
Upcoming Jewar airport pushes land rates up in Noida, Greater Noida
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.
The possesion of Speed Tower is expected to start in Jan 23
Upcoming Jewar airport pushes Yamuna Expressway land rates up 38% in 3 years; highest in India
Land price around the upcoming Jewar airport in Uttar Pradesh is rising sharply because of high demand among realtors, combined with low availability of land.
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.
Greetings,
We are delighted to offer a Corporate Benefit scheme by by HERO HOMES located at excellent location ofSector 104, Dwarka Expressway, Gurugram.o avail the offer kindly register interest on whatsapp +919990623304 Saxena or +917678480014 Varma.
Name
Organisation
Official Email id
Please note that booking can be done by you in the name of your family members also.
This is to request you to forward this mail to your interested colleagues as well.
Warmly,
Saxena V M
Secretary,
Petroleum Coal & Banking Executives Welfare Society
Visit us at pcb.net.in
+91 9990623304
Greetings from Hero Homes!
Wellness Inspired Homes by HERO HOMES located at excellent location ofSector 104, Dwarka Expressway, Gurugram.
Hero Homes Gurugram Sector-104 is an offering from Hero Realty Private Limited , the real estate arm of Hero Enterprise one of India’s most reputed business groups. At Hero, we have been market leaders in various categories because of our cutting-edge innovations, customer-centric approach and focus on sustainability. Based on strong group values of Trust, Care & Nurture that form the core of our operations, we are developing housing solutions that are elegant and modern, yet sustainable, and offer a vibrant social community living experience to its patrons.
Our projects are built on four pillars – Creativity, Fitness, Sustainability, and Community. Driven by passion, our projects integrate extraordinary innovation and unmatched quality. Each project is well appointed with parks and greens, moving every step closer to nature. With sustainable development at its core, our projects are designed and built on the principles of reduce, reuse & recycle. Hero Homes reflects the right blend of traditional and the modern in keeping with the ethos of the growing India.
Specifications:
- AC in all Rooms
- Modular Kitchen with hob and chimney.
- Washrooms with High-end CP fittings
- Laminated Wooden flooring in all the bed rooms
- Efficient Layouts – More Efficiency that does not leave room for Imagination
- Direct access from Dwarka Expressway
Location Advantages:
- Located in Sector 104 with direct access from Dwarka Expressway
- Close proximity to the Airport and Gurugram Railway Station
- On Proposed Metro Corridor
- Basic Social Infrastructure like Retail, Schools, Hospitals etc. in close proximity
- 10 Mins from Delhi, 12 Mins from Dwarka Sector 21 Metro Station, 15 Mins from Airport, 25 Mins from AIIMs Jhajjar, 20 Mins from HUDA City Centre
Site Advantages:
- 85.5% Open and Green Area
- No Vehicular Movement on the surface
- Tower Alignment as per Sun Movement Analysis
- All Apartments facing the Greens
Brand promise: Holistic Community Living Experience Designed on 4 Pillars
| Creativity | Fitness | Sustainability | Communities |
| Intelligent Master Plan DesignEfficient LayoutsThemed GardensVehicular Movement Free LandscapeIn Grade Chess TablePutting Greens | Well Equipped GymYoga/Meditation LawnMultiple Sports AmenitiesJogging TrackCycling TrackKids Play AreaOutdoor Gym | Solar HarnessingRain Water HarvestingElectric Car Charging PointUrban Forest | AmphitheaterSeating AlcoveTerrace GardensBarbeque PitsBanquet LawnElderly ParkRestaurantCafe |
Partners:
| Architect | RSP Design Consultants (I) Pvt. Ltd. |
| Landscape Design | Integral Design Studio |
| Structural Consultant | Optimization Consultants |
| Construction Partner | KBE Pvt. Ltd. |
Project Brochure: enclosed
Project Walkthrough Link:
Corporate offer from Hero Homes GGN
| Configuration | Phase | Gross Price (Includes BSP + 1 Car Parking + Club Membership Charges +GST)*. Plus, other charges as applicable | Corporate Discount for *NTPC | Net Price (Includes BSP + 1 Car Parking + Club Membership Charges + GST)* Plus other charges as applicable | |
| 2 BHK Premium (1099 sq ft) | Phase 1 & Phase 2 | Rs 1.07 Cr (BSP + PLC + Car Park + Club + EDC IDC + GST) | 10.0% | Rs 0.96 Cr | |
| * Above price includes Charges | |||||
| Basic Sales price | Included in price for NTPC | ||||
| 1 Car Parking @ Rs 4,00,000/- | Included in price for NTPC Employee | ||||
| EDC/IDC @ Rs 475/- psft | Included in price for NTPC Employee | ||||
| Club Membership @ Rs 2,50,000/- | Included in price for NTPC Employee | ||||
| GST | Included in price for NTPC Employee | ||||
| * Other Fixed Charges | |||||
| Preferred Location Charges (PLC) | As applicable, Ranges from Rs 0 to Rs 550 /- sq ft on the basis of attributes of a particular flat. | ||||
| Power Back up Charges @ Rs 25000/- KVA | 2KVA payable at the time of possession | ||||
| Interest Free Maintenance Security (IFMS) | Rs 50/- sq ft payable at the time of possession | ||||
| Stamp Duty and Registration Charges | As applicable in Haryana, payable at the time of possession | ||||
| Rs 50,000 Voucher on referral booking. (friend & family Offer) for non NTPC customers referred by NTPC Employees | |||||
| No third party channel partner/broker would be allowed for the above offering |
Tata Realty – Corporate Benefit Program for Canara Officers and their families with Huge Savings from ₹8.80 lacs to ₹10.50 lacs for PNB employees, Smart Features Flat with Plethora of amenities including Smart Features like All Electric Devices Operated by Mobile/ Wi-Fi Gazebo/ Motion Sensor lighting in all Washrooms/ Gas Leak alert on Mobile/ 2 Pools/ Tennis/ Centrally A/C Club House etc.
Greetings,
We are delighted to offer a Corporate Benefit scheme by Tata Value Homes for their project Eureka Park sector 150 Noida.
Phase 1 possesion in Sept 23 and Phase 2 in Dec 25
To avail the offer kindly register interest on whatsapp +919990623304 Saxena or +917678480014 Varma.
Name
Organisation
Official Email id
Please note that booking can be done by you in the name of your family members also.
Investment Advantage:
The booking rate of Tata Eureka is approx Rs 6800psft , to give a idea of price advantage in market am sharing below link for current prices of ready to move-in-flats in Sector-150, Noida, which is touching Yamuna Expressway & Greater Noida. You will be pleased to note that courtesy Jewar Airport, prevailing prices have gone to about Rs.14,000-15,000/- per sqft (On Carpet area basis) & about Rs. 10,000/- per sqft on Super Area Basis. Source 99 acres. 99 acres Links of Prices given below are attached. 1.1050 sft for 1.5 Crores
2. 1.20 cr for 1195 sft super area
We are further pleased to confirm that through us you will get best discounted price. We enclose below the mailer sent by Tata- North India Head to undersigned on same.
Greetings,Tata Housing Mailer for Indian Oil Executives enclosed below for your kind perusal. Similarly we can get you & your colleagues best offer from Tata Housing Ltd. Let us know of your interest on same.Regards,Saxena
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 KhanGeneral 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 offer mailed by Tata Housing is enclosed below for your kind perusal. This is to request you to forward this mail to your interested colleagues as well.
TATA EUREKA OFFER
Dear Sir/Ma’am,
TATA Value Homes Ltd. is proud to present, ‘Eureka Park’, a 20+ acre residential project, located in the most premium sector of Noida, Sector 150.
Eureka Park perfectly fits the modern day aspirations by integrating smart living into your daily lifestyle. Built in phases on 20+ acres, the project comprises of 20 towers. With over 75% open area, the community is built keeping in mind the evolving needs of modern day living.
Be it the smartly chosen location, smart green spaces that let you be one with nature, smart amenities for your rejuvenation, contemporary clubhouse or the home automation features; everything here, makes Eureka Park a home smart home, thoughtfully designed for the smarter you. Everything from the carefully crafted design, the luxurious amenities, smart payment plan, and location, are handpicked to ensure the best comfort and premium lifestyle to our residents.
STEP INTO A SMARTER LOCATION
Located on the Noida-Greater Noida expressway, Eureka Park is nestled at a prime locaton, between 3 major highways (Noida-Greater Noida Express Highway, Yamuna Express Highway, FNG Express highway (Faridabad- Noida-Ghaziabad), and in close proximity to the upcoming Jewar Airport.
1. Proposed 296 acre (approx.) sports city
2. Accessible by both road and rail. Located near sector-148 metro station
3. One of the green sectors in NCR (Source: timesofindia.indiatimes.com – 15 Jun’15)
4. Hub of the best global companies
5. Provision for FTTH & optical fiber connectivity
6. Home to one of the largest theme parks of Delhi NCR: Shaheed Bhagat Singh Park
7. Sports facilities like 9-hole golf course, cricket ground etc. 5 minutes away
8. Entertainment options and food hubs nearby
9. Renowned hospitals like Jaypee Hospital and Apollo Hospital nearby
10. Educational Hubs like Amity University, Lotus Valley School in the vicinity
STEP INTO SMARTER LIVING:
Offering both 2 BHK and 3 BHK homes, Eureka Park allows you to choose a home based on your needs. Eureka Park promises its buyers to give a life full of smarter choices and interactions along with smart design to maximize useable area.
Smart Security
Ensure an absolutely safe and secure living for your dear ones, with world-class security features like smart door lock in apartments with keyless entry through fingerprint access or pass code and security surveillance through CCTV cameras in select common areas.
Smart Spaces
Be it the land parcel that’s open from all 4 sides, efficient layout of flats that provide maximum utilization of space, sprawling party lawn or the open air Wi-Fi gazebos; every space here is thoughtfully planned to provide you a wholesome living experience.
Smart Clubhouse/ Community Building
With rejuvenating features like state-of-the-art gymnasium, party hall, squash court and indoor games room; the clubhouse/community building is one of the many smart lifestyle elements here.
Smart Landscape
A lush green area including a walking track, seating gazebos, party lawn, open air amphitheatre, kids’ play area, yoga lawns and much more to soothe your senses every moment.
Smart Lifestyle
App controlled automation features where you can control the lights, fans and air conditioning of your apartment (ON/OFF) with just a tap on your mobile phone.
| Sector 148 metro station | Amity University | INOX Mall | Jaypee Hospital | Mall of India | Proposed Jewar International Airport |
| 15 mins | 20 mins | 15 mins | 20 mins | 30 mins | 45 mins |
PLETHORA OF AMENITIES
Equipped with a host of amenities from sports facilities, luxurious spas, restaurants, and commercial provisions, Eureka Park has something for everyone!
01. Skating Track
02. Palm Court
03. Community Building & Sports Block
04. Swimming Pool with Kids Pool
05. Wifi Gazebos
06. Multi Purpose Party Lawns
07. Walking Track
08. Convenient Shopping Area
09. Landscaped Plaza Space
10. Exercise Garden
12. Amphitheatre
13. Yoga Square
PHASE-II
14. Kids’ Play Area
15. International Sized Tennis Courts
16. Badminton Courts
17. Basketball Courts
18. Putting Greens
The scheme is as follows:
| Typology | Phase | Facing | Current Sale Consideration | Corporate discount | Net Sale Consideration for Corporate | |||||||||
| Gr to 7 Floor | 8 to 14 Floor | 15 – 22 Floor | 23 – 28 Floor | Gr to 7 Floor | 8 to 14 Floor | 15 – 22 Floor | 23 – 28 Floor | Gr to 7 Floor | 8 to 14 Floor | 15 – 22 Floor | 23 – 28 Floor | |||
| 2 BHK + 2 Toilets (Intello 1100) | Phase 1 | Landscape | Rs 77,15,000 | Rs 75,77,500 | Rs 75,06,000 | Rs72,75,000 | Rs8,80,000 | Rs8,80,000 | Rs 8,80,000 | Rs 8,80,000 | Rs 68,35,000 | Rs66,97,500 | Rs66,26,000 | Rs 63,95,000 |
| Road | Rs 75,50,000 | Rs 74,12,500 | Rs73,41,000 | Rs72,75,000 | Rs 8,80,000 | Rs 8,80,000 | Rs 8,80,000 | Rs 8,80,000 | Rs66,70,000 | Rs65,32,500 | Rs 64,61,000 | Rs63,95,000 | ||
| 3 BHK + 2 Toilets (Brightus 1285) | Phase 2 | Landscape | Rs 91,93,000 | Rs 90,32,375 | Rs89,48,850 | Rs 86,79,000 | Rs 8,67,375 | Rs 8,67,375 | Rs8,67,375 | Rs 8,67,375 | Rs83,25,625 | Rs 81,65,000 | Rs 80,81,475 | Rs78,11,625 |
| Road | Rs 90,00,250 | Rs88,39,625 | Rs 87,56,100 | Rs 86,79,000 | Rs 8,67,375 | Rs 8,67,375 | Rs 8,67,375 | Rs8,67,375 | Rs81,32,875 | Rs 79,72,250 | Rs 78,88,725 | Rs 78,11,625 | ||
| 3 BHK + 3 Toilets + Servant Toilet (Primus 1575) | Phase 2 | Landscape | Rs 1,11,65,000 | Rs 1,09,68,125 | Rs 1,05,35,000 | NA | Rs10,63,125 | Rs 10,63,125 | Rs 10,63,125 | NA | Rs 1,01,01,875 | Rs 99,05,000 | Rs 94,71,875 | NA |
| Road | Rs 1,09,28,750 | Rs1,07,31,875 | Rs1,05,35,000 | NA | Rs 10,63,125 | Rs 10,63,125 | Rs 10,63,125 | NA | Rs 98,65,625 | Rs 96,68,750 | Rs 94,71,875 | NA |
| Possession Charges- | |||
| Cost Head | Intello-1100 | Brightus-1285 | Primus-1575 |
| DG Back UP | Rs40,000 | Rs 60,000 | Rs 60,000 |
| Lease Rent | Rs3,50,900 | Rs 4,09,915 | Rs5,02,425 |
1. Additional Charge for Corner Units –
2 BHK + 2 TOILET
Rs 1,10,000
3 BHK + 2 TOILET
Rs 1,28,500
3 BHK+ 3 Toilet + Servant’s Toilet
Rs 1,57,500
2. GST & Stamp Duty Registration & Other Statutory Charges Extra.
Note – This scheme is valid till 30th June 2022.
Thanks & Regards
Debdutt Pandey
Tata Housing Mail on Price increase fro June 01, 2022
” Dear Partners,
This is to bring to your kind notice that we have decided to increase Rs. 300 PSF price in Tata Eureka Park with immediate effect due to significant rise in cost of construction raw material.
We are getting a window to sell existing inventory ( Phase 1 & Phase 2 launched stock) at prevailing price till 31 May 2022 including logins.
You are requested to close fence sitters on the existing price in next 20 days.
Kindly cascade down to your sales teams accordingly.
Looking forward for your support.
Thanks & Regards Kasib KhanNorth HeadTata Housing”
Links for further review:
- For Rate Comparision links from 99acres
Buying property goes expensive in Greater Noida! Rates hiked for residential and farm land; check here
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.