Noida Authority raises land allotment prices by 6% in latest board meeting

The Noida Authority announced a significant six per cent increase in land allotment prices for the financial year 2024-25 following its 214th board meeting on Friday.

The decision is set to impact the rates for group housing, institutional and industrial sectors.

The meeting was chaired by UP Chief Secretary and Authority Chairperson Manoj Kumar Singh and attended by Noida Authoriy CEO Lokesh M and Additional CEO Ravindra Kumar along with various board members.

"The allotment prices of various types of lands including group housing, institutional and industrial sectors have been increased by six per cent for the financial year 2024-25. The rates of residential plots have also been raised by six per cent except in the A+ category, where prices have been kept intact," according to an official statement.

This adjustment also extends to industrial areas and commercial usage, specifically affecting the rates for the IT/ITES sectors, the statement added.

The Noida Authority's board meet