India, May 26 -- The Greater Noida authority has revised property allotment rates in all categories by 3.58% days after its board approved the step on May 2.

Under the revised structure, commercial property rates have reached Rs.98,776 per square metre (sqm), while residential plots in developed sectors are now priced at Rs.51,363 per sqm, said officials.

The revision comes ahead of commercial operations at the Noida International Airport, slated to begin from June 15.

With the airport expected to turn Greater Noida into a major economic and logistics hub, the Authority anticipates higher demand from investors, businesses and homebuyers, said officials.

Sunil Kumar Singh, additional chief executive officer (ACEO), Greater Noida author...