greater noida residential land rates in various greater noida sectors would be revised by next fiscal to match the prevailing market rates said greater noida industrial development authority gnida officials in the latest board meeting the gnida decided to divide the city into four different zones and frame the land rates accordingly having divided greater noida into four broad zones a b c and d the authority would try to bring down the disparity in price points it has been charging a flat fee of rs 23100 per sqm from residential plot allottees it was using the same benchmark irrespective of the existing urban infrastructure or civic amenitiesthe decision to rework on the prices was taken due to the disparity in price points of properties across different sectors while the final blueprint is being worked out officials said zone a would include the oldest sectors alpha beta and gamma while zone b would cover xu delta mu and omicron zone c is currently under development while zone d is yet to be developed the move would enable the authority to convince people to consider investments in zones c and d ceo of the authority narendra bhooshan said the officials would carry out surveys and finalise the rates in the next financial year we would release the revised ratesapart from focusing on residential properties the officials would also carry out estimates on property rates of commercial and office plots in zone a and b to evaluate whether the price points match the general perceptionthe authority has not included allotment rates of institutional and industrial land under the purview of the assignment since it offers subsidies on such plots pankaj kapoor md of liases foras a real estate data and analytics firm said residential property prices are governed by demography and economic density keeping the same rate for the land parcel which is developed and next to pari chowk and that of land situated in imalyaka is not feasible for any planning authorityhowever the residents seemed apprehensive a resident of paramount golf foreste in zeta nitin srivastava said property market is going through a lull period i just hope the authority does not end up increasing rates of old sectors under the guise of balancing the rateswatch land rates in greater noida sectors to be revised next year