Financial Blog

Now buying a home is easy in Noida & Greater Noida as Govt. reduced the circle rates.

posted on 2019-07-31 10:00:13 by Admin

Good news for those who want to buy a home in Noida, Greater Noida, Dadri or Jewar. The government has cut down the circle rates of residential as well as commercial properties across the Gautam Buddha Nagar district of Uttar Pradesh. Giving relief to thousands of dwellers of Delhi-NCR, the administration took this decision on the 24th of July on Wednesday of 2019.

The new move is going to slash down the registry rates of housing properties across Gautam Buddha Nagar, district as it removes the surcharge on housing properties. According to some news, the new move of govt. will reduce the cost of the registry to 6 percent. As the government has ended a 6 percent surcharge on housing projects or properties.

According to the news published by The Economic Times, the surcharge of 25 percent on shopping malls has already been removed. The administration of the Gautam Buddha Nagar district is also planning to take the necessary steps to slash down the floor price of 21 percent in all commercial projects across Noida. The new move of government possibly will be applicable from the 1st of August of 2019 as said by various news websites.

Benefits of lower surcharge rates across Noida and Greater Noida.

  • It will decrease the registry rates.
  • It will help buyers to buy property at a lower cost.
  • It will help the real estate industry in the Noida region because of no etc burden of surcharge.
  • The low surcharge rate on commercial projects will help makers to finish the projects at a low rate.

If you are looking to buy a house in Noida or Greater Noida then you can apply for the housing loan from our portal.

Click here to apply for a housing loan.

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