Noida: Residents unhappy with hike in land rates by the Authority
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Noida: Residents unhappy with hike in land rates by the Authority

The land rates in Noida have been increased by 20-30%

Noida: Residents unhappy with hike in land rates by the Authority

Noida: Various societies and organizations based in Noida are against the Noida Authority's hike of 20–30% in land rates. They contend that the authority cannot make decisions without consulting the locals first. It has been suggested that this decision should be reevaluated by the authority.

Noida Authority had its 205th Board meeting on August 11, 2022, in which, an increase of 20-30 % in the land rates in Noida was decided by the Authority Board. As a result, buying residential, institutional, group housing, industrial, and IT-ITES properties in Noida has become costlier.

Sushil Kumar Jain, Founder & Director of Progressive Community Foundation and a resident of Noida says,

Sushil Kumar Jain 
Credit: Supplied

"There will be an adverse effect on the development of the city as development activities had started in Noida after a long time due to corona epidemic."

He adds people will now need to invest more in setting up their industries or building their houses, which will have the opposite effect on the development of the city in the coming time.

Brajesh Sharma, President of the 7X Welfare team and a resident of Antariksh Golf View 2, Sector-78 says,

Brajesh Sharma 
Credit: Supplied

"Even though every ongoing development plan is running behind schedule and taking longer than anticipated, like more than 2 or 3 years, it is still an unwise decision made by the authority."

Sanjeev Kumar, DDRWA Senior Vice president and General Secretary of Sector-51 says,

 Sanjeev Kumar 
Credit: Supplied 

"Circle rate increases on the basis of facilities provided to any place, and the DDRWA will surely challenge the decision made by the authority after the independence day as we are not getting proper facilities. There is no demarcation between villages and societies, the drains are full of garbage and there are consecutive problems to count."

Rajeev Sharma, RWA President of Rajat Vihar C-block, Sector-62,

 Rajeev Kumar 
Credit: Supplied 

"The hike in the land rate will directly affect a salaried person who dreams to own a house in Noida. Noida is becoming an industrial and residential hub for people of UP and people are moving here with the aim to improve their lifestyle and make life better for living but now it seems like people will face more difficulty to buy their houses here."