Ghaziabad townships near RapidX route see housing board raise circle rates
Real Estate

Ghaziabad townships near RapidX route see housing board raise circle rates

The circle rates in townships administered by the UP Housing Board across the state have been increased, according to officials. It was announced that the revised rates would affect properties in Vasundhara and Siddharth Vihar in Ghaziabad, as these areas are near the RapidX corridor, which is set to open this month.

It was stated by officials that the new rates would be applicable from April 1. The decision to raise the rates in Vasundhara and Siddharth Vihar was made due to the high demand for properties in these areas, primarily because of their proximity to the RapidX route.

According to Sunil Sharma, an estate management officer at the board, "The circle rates have been increased in all townships administered by the board in the state. In Ghaziabad, the revision will only be applicable in Vasundhara and Siddharth Vihar."

The revision will result in higher stamp duty for those purchasing houses, effectively raising the overall property rates.

In the case of flats developed by private companies and individual plots in Siddharth Vihar, the circle rate has been increased by Rs 850/sq m. Officials noted that there were approximately twelve such projects being developed in Siddharth Vihar, which spans 635 acres.

In Vasundhara, which is divided into 19 sectors, the new circle rate will vary based on the sector number.

For sectors with even numbers, the rate has been raised from Rs 66,300/sqm to Rs 68,300/sqm. In sectors with odd numbers, the revised rate is now Rs 61,900/sqm, compared to Rs 59,900/sqm last year.

Also read:
Visakhapatnam District gears up for land pooling
K Raheja’s project sells Rs 1,100 cr properties in 90 days


The circle rates in townships administered by the UP Housing Board across the state have been increased, according to officials. It was announced that the revised rates would affect properties in Vasundhara and Siddharth Vihar in Ghaziabad, as these areas are near the RapidX corridor, which is set to open this month. It was stated by officials that the new rates would be applicable from April 1. The decision to raise the rates in Vasundhara and Siddharth Vihar was made due to the high demand for properties in these areas, primarily because of their proximity to the RapidX route. According to Sunil Sharma, an estate management officer at the board, The circle rates have been increased in all townships administered by the board in the state. In Ghaziabad, the revision will only be applicable in Vasundhara and Siddharth Vihar. The revision will result in higher stamp duty for those purchasing houses, effectively raising the overall property rates. In the case of flats developed by private companies and individual plots in Siddharth Vihar, the circle rate has been increased by Rs 850/sq m. Officials noted that there were approximately twelve such projects being developed in Siddharth Vihar, which spans 635 acres. In Vasundhara, which is divided into 19 sectors, the new circle rate will vary based on the sector number. For sectors with even numbers, the rate has been raised from Rs 66,300/sqm to Rs 68,300/sqm. In sectors with odd numbers, the revised rate is now Rs 61,900/sqm, compared to Rs 59,900/sqm last year. Also read: Visakhapatnam District gears up for land pooling K Raheja’s project sells Rs 1,100 cr properties in 90 days

Next Story
Equipment

CE Industry Sees Robust Growth in Domestic and Export Sales: ICEMA

The construction equipment industry has experienced its highest sales volumes in three years, driven by increased government spending on infrastructure projects. Domestic and export sales have surged significantly in the April-December 2024 period, according to the latest data from the Indian Construction Equipment Manufacturers' Association (ICEMA).During the first nine months of the current fiscal year, the industry sold 98,970 units, a 5% increase from the 94,685 units sold during the same period in 2023, and a 34% rise from 73,795 units in 2022.Exports also reached a three-year high, with ..

Next Story
Products

Prolock, PL200 Access Control System by Hafele

Prolock, the electronic access control and identification system by Hafele makes it simpler to organize effective procedures for hotels, providing maximum convenience for guests and operators. This system replaces your old room keys with keyless access that allows you to integrate all of your own and your guest’s security needs into one stylish, energy efficient and reliable package. Easily scalable access points, any number of users and locking plans coordinated with individual requirements, in combination with our comprehensive on-site service, bring to life a customized access control man..

Next Story
Real Estate

Blum's Pocket Systems for New Space Concepts

Blum's REVEGO, the new pocket system, provides a seamless solution for large cabinet fronts, concealed kitchen units, and complete living areas as per your needs. This innovative design not only offers versatile options but also ensures easy planning and assembly, enhancing overall usability. More and more people are combining their kitchen, dining, living, and working areas into one contemporary open-plan space. With increasing urbanisation and more densely populated metropolitan areas, the living spaces of the future are also likely to be smaller. The pocket systems from Blum open up brand-..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?