Noida Circle Rate in 2023 | Ready Reckoner Rates in Noida
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Noida, a city in Uttar Pradesh, is known for its rapid urbanisation and growing real estate market. Jewar's new future airport will only accelerate the pace of growth and boost real estate sales for Noida, Greater Noida and Yamuna Expressway projects. If you're planning to invest in a property in Noida, it's crucial to understand the Circle Rates that govern property transactions. This informative article explores the latest updates on Circle Rate Noida for 2023.
Noida Circle Rate: Latest Update
In April 2023, the land allotment rates for residential, group housing, and industrial plots saw a considerable rise. This increase was a significant rise from the Noida circle rate in 2023. The rates were raised by 6% to 10%, marking the second revision in the last eight months. Noida circle rate revision aims to attract more investments in the real estate market.
Impact of the Revision
Under the revised rates, the Noida Authority circle rate for plots in the E category, located in sectors 102, 115, 158, 162, and all other non-commercial areas, saw a maximum increase of 10%. Plots in A, B, C, and D category sectors witnessed a 6% increase. However, the rates for A+ category plots remained the same as the circle rate in Noida 2023.
Circle Rates in Noida for 2023
The Circle Rates in Noida vary from locality to locality and depend on the property type. Here are the Circle Rates for residential builder floors in Noida and Noida Extension (per sqft/meter) for 2023:
| Sectors | Circle Rate Range (in INR) |
| Sector 145-150, 158-167, NEPZ, Noida Phase 2, 66, 102, 138, 139, 140, 140A, 141 | 40000-46000 |
| Sector 115 | 44000-50600 |
| Sector 54, 95, 101, 103, 106, 109, 57-60, 63, 63A, 64-69, 80, 81, 83-91, 111-117 | 44000-50600 |
| Sector 104 | 44000-60400 |
| Sector 168 | 52500-60400 |
| Sector 22, 42, 43, 45, 70-79, 107, 110, 119, 120, 121, 123, 125, 126, ,142, 143, 143B, 144, 1-12, 127-137, 151-157 | 52500-60400 |
| Sector 15, 19, 20, 21, 23, 24, 25, 25A, 37, 40, 41, 53, 55, 56, 61, 62, 82, 92, 93, 93A & B, 26-29, 31-34, 46-49, 96-100, 105, 108, 122 | 72000-82800 |
| Sector 14 & 14A, 39, 44, 50, 51, 52, 94, 124, 15A, 16 & 16A, 16B, 17, 18, 30, 35, 36, 38 & 38A | 103000-119000 |
Conclusion - Making Informed Decisions
Navigating the current market scenario of Circle Rates in Noida is crucial for potential property buyers. The recent revision in land allotment rates by the Noida Authority may impact property prices in the city. As you plan to invest in a property, check the updated Circle Rates for your preferred locality. Stay informed about the ever-changing Circle Rates to make well-informed decisions for a successful investment.
Frequently Asked Questions
1. What is the impact of recent land rate revisions on homebuyers?
Ans: The recent increase in land rates by 6% to 10% for residential, group housing, and industrial plots in Noida may affect property prices.
2. Are Circle Rates the same for all localities in Noida?
Ans: No, Circle Rates vary across different localities in Noida, depending on the property type and its location within the city.