India, March 29 -- The Noida authority in its board meeting on Friday increased the land allotment rates by 6% in all categories including residential, commercial, industry and institutional, and approved Rs.8,732 crore budget for FY 2025-26 to spend funds for the city's developmental and maintenance works.

The authority in its 217th board meeting chaired by UP chief secretary Manoj Kumar Singh, who is also the chairman for this industrial body took many decisions including approving the budget for 2025-26.

Gautam Budh Nagar DM Manish Kumar Verma, the Greater Noida authority CEO Ravi Kumar NG and other members attended the meeting in Sector 6 office to deliberate on the agendas for final decisions.

The board fixed a target to recover R...