Buying land and property in Noida in Uttar Pradesh will be costlier as circle rates has been increased by 10 to 25 per cent from August 1. Agriculture land rates too have been hiked by 5-8 per cent. The hike is between 15-25 per cent depending on sector location. In A category sectors,circle rate has been hiked from Rs 66,500 to Rs 78,000 per sq metre. In B category sectors,the hike is between Rs 48,000 and Rs 55,000 per sq metre and in C category sectors,the increase is between Rs 35,000 and Rs 40,000 per sq metre. In Ghaziabad,circle rates have been hiked by up to 20 per cent. In Rajnagar District Centre the circle rate has been increased from Rs 1.20 lakh to Rs 1.40 lakh per sq metre. The rate for the Indirapuram area is Rs 60,000 per sq metre,from Rs 50,000 per sq metre earlier. For Kaushambi,the rate is Rs 65,000 per sq metre and Rs 46,000 per sq metre in Raj Nagar.

PE investment in realty drops 46% in H1

Private equity investment in the real estate sector fell by 46 per cent to $276 million in the first half of 2013 due to lack of good projects and weak sentiments,property consultant Cushman & Wakefield said. The decline in the quantum of PE investment in realty sector was due to to less number of deals (13 in H1 2013) as the average ticket size of deals remained same. In first half of 2012,there were 19 PE deals. The consultant noted that about $2 billion (Rs 11,854 crore) is available with private equity firms ready to be deployed in real estate,but PE funds want to put in money in only those projects with strong fundamentals. PTI