India, March 17 -- With the Gautam Budh Nagar administration likely to raise the circle rate -- at which a property buyer pays the stamp fee to the government-- from April 1, the step has left homebuyers worried.

Since the Noida, Greater Noida, and the Yamuna expressway industrial development authorities have increased the allotment rates - at which these authorities sell their property -- for all kinds of property, the Uttar Pradesh stamp and registration department is contemplating a hike in all segments particularly residential and agricultural land in the district, said officials.

The development has turned homebuyers a worried lot as they are yet to get the possession of their units for last many years.

"We, the homebuyers, are wa...