The proposed hike is in proportion to the hike in allotment rate by Noida and Yamuna Expressway authorities,” said Rajesh Yadav, additional district magistrate (ADM), Gautam Budh Nagar. In Greater Noida’s sector 36, the proposed circle rate is Rs 27,000 per sqm against the prevailing market rate of Rs 23,000 per sqm,” said Sharma, objecting to the hike. The Gautam Budh Nagar stamp and registration department has started getting objections against the proposal to hike circle rates up to 25%. Circle rates in Noida are even higher than the market rate. Rakesh Sharma of ‘Sanyukt Vyapar Morcha’ said that the proposed circle rate of industrial plots in Greater Noida’s Ecotech 1 is Rs 14,000 per square metre.

Source: Hindustan Times July 22, 2016 18:22 UTC