May 2, 2008

Land rates hiked in Noida. Will you still buy property there?

Magicbricks.com moderator says: Today’s newspaper confirmed my worst fears. Property prices in Noida have been hiked again. The Noida authority has decided to raise prices by 20-25% for all residential, commercial and institutional land auctioned by it. The new rates would be announced in a day or two.

- Will people rethink before buying property there?
- Will less transactions happen?
- Will home seekers shy away from buying property in Noida?

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