Noida, Greater Noida Land Acquisition Rates Set for Increase

Hey Noida folks, have you been wondering about the land prices around here? Well, word on the street is that the UP government is planning to bump up land acquisition rates in Noida and Greater Noida, potentially to ₹9,000 and ₹7,000 per square metre respectively. This is mainly because farmers have been asking for rates that are closer to what the market actually offers. What does this mean for us? It could mean property prices might see a bit of an upward tick in the long run. It's all about supply and demand, right? Land costs more, so eventually that cost gets passed along. So, is this a win or a cause for concern for those of us looking to buy property in Noida? What do you think?