Property prices in Noida to go up due to proposed hike in circle rates in Gautam Buddh Nagar

Property prices in Noida are likely to go up as the Gautam Buddh Nagar administration has proposed to hike existing circle rates and also suggested imposing an additional surcharge on some properties.

Property prices are likely to go up in Noida as the Gautam Buddh Nagar administration proposed to hike existing circle rates by up to 40 per cent and also suggested applying an additional 5-12.5 per cent surcharge on properties near the metro route or near the expressway. The Gautam Buddh Nagar administration has proposed an additional surcharge of 5 per cent on properties on the metro route and near the metro stations, 7.5 per cent additional surcharge on the sectors which lie on both sides of the expressway and 12.5 per cent on sectors which fall near both the metro station and expressway.