NOIDAGreater Noida Industrial Development Authority (GNIDA) has been studying the property rates to revise them. An introductory meeting was held by the Authority, as per the instructions of the Chairperson as he took the overall control of the Authority. The main motive behind the meeting being held was to contemplate whether the land rates of Greater Noida can be changed. This is basically being done to allure the prospective investors and entrepreneurs to the city.

A preliminary meeting was held among all the departments. As per the discussions in the meeting, the departments prepare a report and submit it in a week’s time. The departments have been instructed to inspect all the parameters of land use to decide if the land rates need to be increased, decreased, amended or kept the same. This report containing the proposal will have to be submitted to the chairperson and CEO of the Authority.

Not only residential, but all rates, including, commercial, institutional, industrial and group housing will be inspected. After the inspection, if there are any rates, they will be proposed in the report.