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commercial plot continues to be the most expensive kind of
property in Greater Noida and would now cost Rs 12,000 per
square metre, compared to Rs 9,420 earlier, while an
industrial plot rate has been hiked from Rs 2,850 to Rs
3,700 per square metre.
Plot for setting up a private college, school, hospital or
an amusement park will also cost more. After sealings in
Delhi, the market for such properties has opened up in a big
way in Greater Noida.
Circle rates for land meant for an engineering or management
college will now be Rs 3,700 per square metre, compared to
Rs 2,850 earlier, while a medical college land would cost Rs
2,320 per square metre now, which was Rs 1,720 in the past.
The maximum increase, 68 per cent, has been effected for
amusement park, which would now cost Rs 1,720 per square
metre Greater Noida has no amusement park till now.
One will now have to shell out Rs 5,900 per square metre for
setting up a primary school, Rs 3,600 for a senior secondary
school, Rs 4,000 for a hospital and Rs 6,500 for a nursing
home an increase of over 30 per cent in all these
categories.
Over 7,000 hectares are being acquired this year to be
released under various residential and other schemes.
Authority chairman Lalit Shrivastava said they will be
pumping in almost three times the money it spent last year
for the infrastructure development.
The budget for the last financial year was Rs 1,540 crore.
For 2007-08, we have hiked the budget to Rs 4,387 crore. We
hope to earn Rs 3,637 crore from the sale of all kinds of
plots this year, he said. |
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