UP News - Land will become more expensive in this city of UP, rates will increase by this much
UP News - New circle rates are being implemented in districts across Uttar Pradesh next week, increasing land prices by as much as 18%. In some areas, this increase could be as high as 18%. This change will benefit landowners who want to sell their land, as they will receive a better price.
Breaking News, Digital Desk- (UP News) New circle rates for land are being implemented in districts across Uttar Pradesh next week, which will increase land prices by up to 15%.
In some areas, this increase could be as high as 18%. This change will be beneficial for landowners who want to sell their land, as they will receive a better price. Meanwhile, land buyers will now have to spend 15% more. Therefore, both buyers and sellers will need to be mindful of these new rates.
The land survey, which has been ongoing for the past six months, has been completed. Consequently, new circle rates were to be implemented for the districts in June, but this was postponed due to pending land acquisition payments.
Now, the district administration and sub-registrar offices are preparing to implement the new circle rates. This step will complete the land acquisition and payment process that was previously being made under the old rates.
It is being told that new circle rates will be implemented in the district from next week. The land prices across the district have been increased by 15 to 18 percent.
The prices of most of the lands have increased by only 15 percent, whereas where the land is most expensive, the prices have been increased by up to 18 percent.
This will benefit those land owners the most, who are just wanting to sell their land for some reason.
Now they will get the money for the land as per the new circle rate, but now those people who are planning to buy the land will have to loosen their pockets. They will now have to pay for the land as per the new circle rate.
People living in the surrounding areas of the city will benefit the most
Land purchases and sales are increasing around urban areas, especially along bypasses and major highways.
Businesspeople are looking for new locations, leading to increased demand for land along routes like the Moradabad-Farrukhabad Highway, Aonla, Bareilly, Ujhani, Usihat, and Alapur.
With the implementation of the new circle rate, land prices in these areas will become more expensive, allowing those seeking to plot more land to benefit and receive payments based on the new rates.