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GREATER NOIDA: Property rates along the Yamuna Expressway will become dearer in the coming days. Yamuna Expressway Industrial Development Authority (YEIDA) has revised the land rates by 5% across all categories with effect from July 1.
The decision to hike the rates for institutional, commercial, residential, industrial and group housing property was, in fact, taken at a high-level meeting last week. Authority officials said that they have taken into account the prevailing cost inflation index and adjusted the prices accordingly.
Moreover, from this fiscal, YEIDA has also increased the reserved price that it gives to the farmers while purchasing their land. While earlier YEIDA was offering Rs 1,896 for a sqm to farmers, it is now giving Rs 2,068 for a sqm.