The Noida authority, in its board meeting, hiked the property rates of house and land by 14.9 per cent across all categories except commercial properties. The increased rates will be applicable on group housing, residential, institutional, industrials properties from 1 June, 2016. Now, buying a house or land in Noida has become costlier.
Also, traveling on Yamuna Expressway will be costlier now as the Yamuna Epressway Industrial Development Authority (YEIDA) has increased toll rates.
YEIDA official said the toll rates for the 165-km expressway were increased due to change in wholesale price index and construction of loop in Agra region.
For two and threewheelers and registered tractors, toll rates have been increased from Rs1.10 to Rs1.25/km. For cars, jeeps, van and light private vehicles, rates have been increased from Rs2.20 to Rs2.50/km. For light commercial, goods and mini bus, it has been increased from Rs3.45 to Rs3.85. Bus and truck will now have to pay Rs7.85/km instead of Rs7/km. large vehicles will pay Rs11. 90/km, which was earlier Rs10.75/km. Rate of extra large vehicles have been increased from Rs10.70/km to Rs17.40.
Meanwhile, the Greater Noida authority has approved 20 per cent admission quota and 20-50 per cent fee discount for farmer’s children in private schools under farmer rehabilitation scheme.
CEO Rama Raman said that the quota schemes would benefit children of poor farmers. “We have also proposed 50 per cent fee discount for two students of EWS category in each school open at intuitional lands in Greater Noida region,” said the CEO.
The authority has also approved new building by-laws to curtail mushrooming of unauthorised construction in the urban villages of Noida. Now, the villagers will not be able to construct houses without an approval for their building layout plan from the authority. The new by-laws will curb on illegal construction in 81 villages.