The land rates in Noida are again going to touch another height. The land authorities of Noida, Greater Noida and Taj Express way has revealed the information about the 35 percent hike in the present land rates in the area. Institutional and commercial properties will see a moderate rise; whereas, the residential properties will be raised significantly. The residential area is divided into five categories. The present rates ranges from Rs. 12000 per square meter to Rs.33000 per square meter. The new proposed rates for the residential property start from Rs.16, 200 per square meter to Rs.44, 500 per square meter.

A committee of 22 members have told the media people that the authorities will go ahead with the proposed hike in the land rates, as the amount paid in compensation to the farmers or the land owners is also doubled.