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At present, Realty segment is undergoing a recession, in spite of the style, purchasing a residence in Delhi and NCR, it is thorny for the salaried middle-class sector.
U K Bhardwaj, a property dealer of Noida said to the www.propertykhazana.com that, “by now the land prices in the city are not viable for the common individual, but now it has happen to reach for the ordinary middle class section.” Circle Rates in undeveloped segments like Sector 220, 240 are for about Rs. 4,000-7,500 per Sq.Mtrs and the modified circle rates with a hike of 20-25% in different divisions of the city has come into effect. Minimum price for the resale land at which the area management will charge registration fee of Rs. 18,000 per Sq.Mtrs in Sector 1-10 before was Rs. 15,000 for per Sq.Mtrs. Maximum circle rate in housing division in Sector 14A, 15 and 15 A was Rs. 40,000-40,500 for per Sq.Mtrs.
As per to the sources saying @ the www.propertykhazana.com, the rates of the 2 BHK apartment is for around Rs. 10 Lakhs, with area covering about 30 Sq.Mtrs in Noida on the basis of above revised rate list. However, this is the minimum price under which the stamp department will not impose the stamp duty. The land price in the city is more appreciating; such that an apartment will cost about Rs. 45 Lakhs to Rs. 60 Lakhs in any housing segment of Noida. Circle Rates in Sectors 11 & 12 are Rs. 20,000 for per Sq.Mtrs and for Sector 16A the circle rate is Rs. 30,000 per Sq.Mtrs respectively. The land prices in Noida are higher than UP. For more updates on realty market browse www.propertykhazana.com.
Source: NBTVLIVE

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