25 percent hike in flat rates
New flat buyers be ready to shell out more and more money in Noida. This is not a purposeful hike the developers have opted for!
Developers in Noida city had to make around Rs 3,000 crore payment for the notices that the Uttar Pradesh government had issued to land allottees.
Failing badly to pay this amount to the notices, developers have passed on burdens on the property buyers.
CREDAI confirmed the same saying that, the Greater Noida Industrial Development Authority (GNIDA) has already sent demand notices to the property owners to pay an additional amount of Rs 2,015 per square metre.
Source: The Economic Times
CREDAI, Demand notices, Developers, Developers in Noida, Flat buyers, Greater Noida Industrial Development Authority (GNIDA), Land allottees, Noida, Notices, Property Buyers, Property Owners, Purposeful hike, Uttar Pradesh government
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