Curation Team
GHAZIABAD: Revised circle rates for 2025-26 are likely to be approved next week after the administration reviews nearly 50 objections, many of them from farmers of eight villages whose land is earmarked for the Harnandipuram township, it received till Tuesday.
District administration had invited public objections for the proposed DM circle rates for the ongoing financial year between Sept 16 and 30.
“In Modinagar and areas in vicinity of Wave City, there have been requests to reduce circle rate, while people have asked us to reduce the rates. However, in villages set to constitute Harnandipuram township, there’s been a widespread demand the circle rates be hiked,” an official said.
Objections will be discussed in the next couple of days, and within a fortnight, the new circle rate will be announced and will come into effect immediately, the official added.
Previously, a survey of existing circle rates and market rates was assessed by eight sub-registrars, and an average hike of 15-20% was announced in rates of residential properties, a 20% hike in commercial properties, and a 10-15% hike in the case of agricultural land.
As per the proposed new circle rates, flats in multi-storey buildings are expected to become costlier by 10-40%, depending on the location.
The hike is expected to be steeper at 35-40% for large townships such as Wave City Centre, Aditya World City, Jaipuria Township, Urban Homes, and Park Town. Within Wave City itself, flat prices are to go up from Rs 74,000 per sqm to Rs 93,000 per sqm. The cost of shops in malls is to be hiked from Rs 82,800 per sqm to Rs 1 lakh per sqm, which is a 15% jump.
Agricultural and commercial plots are likely to see a 15% and 25% jump, respectively. A 15% hike is proposed for industrial hubs, such as Kavi Nagar Industrial Area, BS Road, and SSGT Road. Properties located in UPSIDA’s Industrial Area Site-2 and along NH-9 up to Kanawani Culvert could see a sharper rise of 18-20%.
In trans-Hindon city areas, Indirapuram’s land rates may go up from Rs 85,000 per sqm to Rs 98,000. Vasundhara’s circle rate is likely to climb from Rs 72,000 to Rs 83,000 per sqm. In Vaishali, Ramprastha, Surya Nagar, and Chandra Nagar, the administration suggested a revision from the current Rs 87,000 to Rs 1 lakh per sqm. In Rajnagar Extension, a flat’s rate could go up by Rs 7,000 per sqm from Rs 35,000, and in Siddharth Vihar by Rs 16,000 from Rs 52,000.
Commercial hubs are also slated to see sharp hikes.
Circle rates in RDC may rise from Rs 1.7 lakh to Rs 2.04 lakh per sqm, Ambedkar Nagar from Rs 64,000/sqm to Rs 74,000/sqm, and Nehru Nagar and Rakesh Marg from Rs 1.4 lakh/sqm to Rs 1.6 lakh/sqm. At Crossings Republik, the proposed rate is Rs 1.13 lakh per sqm.
