+
Noida Set for 30% Circle Rate Hike
ECONOMY & POLICY

Noida Set for 30% Circle Rate Hike

Noida is poised to experience a significant 30% increase in circle rates for residential areas, a move that could have far-reaching implications for the real estate market in the region. This proposed hike is aimed at adjusting the property valuation in line with the rising market trends, but it also raises concerns regarding affordability for potential homebuyers.

Circle rates are the minimum prices set by the government for property transactions. The anticipated increase reflects the growing demand for residential properties in Noida, a city known for its strategic location and infrastructural development. As the real estate sector witnesses an upward trajectory, this adjustment in circle rates may also lead to an escalation in property prices, affecting both buyers and investors.

The government’s decision is expected to influence buyer sentiment and could deter some potential homebuyers, particularly those looking for affordable housing options. However, for investors, the hike might indicate a robust housing demand that could yield good returns in the future.

Stakeholders in the real estate sector, including developers and property consultants, are closely monitoring the situation. While the increase may enhance government revenues, it poses challenges for maintaining the balance between affordability and market growth.

In conclusion, the proposed 30% circle rate hike in Noida signals a pivotal moment for the city's residential market. As the city continues to evolve, the effects of this increase will likely shape the landscape of property transactions and investment opportunities in the region for the foreseeable future.

Noida is poised to experience a significant 30% increase in circle rates for residential areas, a move that could have far-reaching implications for the real estate market in the region. This proposed hike is aimed at adjusting the property valuation in line with the rising market trends, but it also raises concerns regarding affordability for potential homebuyers. Circle rates are the minimum prices set by the government for property transactions. The anticipated increase reflects the growing demand for residential properties in Noida, a city known for its strategic location and infrastructural development. As the real estate sector witnesses an upward trajectory, this adjustment in circle rates may also lead to an escalation in property prices, affecting both buyers and investors. The government’s decision is expected to influence buyer sentiment and could deter some potential homebuyers, particularly those looking for affordable housing options. However, for investors, the hike might indicate a robust housing demand that could yield good returns in the future. Stakeholders in the real estate sector, including developers and property consultants, are closely monitoring the situation. While the increase may enhance government revenues, it poses challenges for maintaining the balance between affordability and market growth. In conclusion, the proposed 30% circle rate hike in Noida signals a pivotal moment for the city's residential market. As the city continues to evolve, the effects of this increase will likely shape the landscape of property transactions and investment opportunities in the region for the foreseeable future.

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?