Relief for homebuyers, Noida Authority keeps circle rates unchanged
Earlier, power backup and lifts along with club, swimming pools, gyms were counted among luxury facilities in group housing societies. And to avail these facilities, the buyers were supposed to pay a separate surcharge of 3 per cent (.i.e. 15 per cent extra for having common facilities) and a stamp duty of 5 per cent on the total cost.
To provide a relief to homebuyers and to reduce the ongoing recession in the real estate sector, Noida Authority has proposed to keep the circle rates unchanged in the district. Image source: Reuters