Know why flats in Noida may get dearer

Noida homebuyers, who are already saddled by delayed projects and various court order on green zone, should be ready for another blow if reports are to be believed.

Zee Media Bureau

New Delhi: Noida homebuyers, who are already saddled with delayed projects and various court order on green zone, should be ready for another blow if reports are to be believed.

A Times of India report has said that the UP government has decided to hike registration charges by two percentage points, which could pushing up the price of housing.

The Uttar Pradesh stamps and registration department has decided to hike registration charges from five percent to seven percent, the TOI report said.

The worst affected will be most of those who had booked the flats and were paying both EMI and rent.

Notably, Delhi-NCR witnessed launches of 23,000 units in 2015, out of which 79 per cent were launched in the locations of Dwarka Expressway, New Gurgaon Southern Peripheral Road Sohna, Noida Expressway and Noida Extension in NCR.