Greater Noida: The district authorities of Noida and Greater Noida have decided to hike the DM Circle rate by 30-35 percent which will be applicable from the next week.

The decision to hike the DM Circle rate in Greater Noida was taken in a meeting headed by Gautam Buddh Nagar District Magistrate Hridesh Kumar on Monday. The officials of district’s Stamp & Registration Department were also present in the meeting.

It was decided during the meeting that the DM Circle rate will be more than the rates fixed by the Greater Noida Authority (GNA).

Briefing about the hike in DM Circle rate, ADM (Finance& Revenue) Sarvjit Ram said the new rate for buying-selling of property will be between Rs 19,000 and Rs 26,000 per square metre.

It is worth mentioning that the DM Circle rates were increased in all other districts of Uttar Pradesh in last June- July.