to greater noida they had not increased their land rates since may 2011 also considering the new master plan2031 having a greater expanse of green areas and more land slated for roads the remaining land for construction and allotment has reduced leading to the need for a increase in land rates the official said meanwhile the increase in land rates in the three areas has invited criticism from several developers considering the economic slowdown already being experienced the hike in land would prove to be a counterproductive move for the real estate market said getamber anand vice president credai it will add to the costs for the buyer and make houses and property more expensive he added