UP Govt Announces 12.5% Hike in Land Prices at Greater Noida

Published: May 24, 2011

After violent farmers’ protests for enhanced land compensation, authorities  of  Noida, Greater Noida and Yamuna Expressway on Monday decided to hike land rates by 12.5 per cent. To compensate the loss, authorities have also hiked land allotment rates by the same percentage. This was announced by Chairman Mohinder Singh at a press conference in the evening after a board meeting of the authorities.

Besides, authorities have approved for four new metro rail projects including City Centre to NH-24 via Sector 71 crossing, Sector 71 crossing to Bodaki railway station in Greater Noida via Sector 121 and Noida Extension and Kalindi Kunj to Botanical Garden. The fourth link from Sector 94 to 142 via 124 and 44 will link the Noida-Greater Noida Line to Kalindi Kunj providing a direct link to the Sarita Vihar line.

An elevated road along the Shahdara drain is proposed from Sector Sector 14-14A to Kalindi Kunj via Noida Sector 95. The line would be 5.8 kilometer long and cost Rs 525 crore. Besides, the board has approved a laser park at Sector 91, a project for municipal solid waste management and other village development projects.

Source:Indian Realty News

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