Gurugram property rates may jump by 70%

by IANS |

Gurugram, Nov 27 (IANS) Property prices in Gurugram may see an unprecedented 70 per cent hike as new collector rates have been proposed by the district administration for the year 2024 on which objections have been sought from the people on the proposed rates till December 7, officials said.


The new collector rates proposed by the district administration in rural and urban areas have been posted on the district administration website.


People will be able to give their objections and suggestions on the collector rate till December 7. After hearing the claims and objections, the collector rates will be sent to the government by the administration.


District Revenue Officer Poonam Babbar said that the suggestions on the objections registered will be considered.


"Different committees will work for this. Keeping all the suggestions in mind, the new proposed rates and suggestions will be sent to the state government. The committee appointed by the government will complete its process and send information to the administration," she added.


As suggested by the administration, a 40 to 80 per cent increase in the rates of agricultural and commercial land in Badshahpur has been proposed.


In Farrukhnagar, increased prices have been proposed for agricultural land by 87 per cent and for commercial land by 35 per cent. Changes have been proposed in the rates of 61 to 70 per cent of residential and commercial land in the Wazirabad tehsil area.

Latest News
September set to be busiest month for IPOs in 14 years: RBI Sun, Sep 22, 2024, 03:32 PM
US: Four shot dead, dozens injured in mass shooting Sun, Sep 22, 2024, 03:30 PM
Bengal govt withdraws representation in DVRRC Sun, Sep 22, 2024, 03:12 PM
Aspirational India fuels auto loan surge as private consumption rises Sun, Sep 22, 2024, 02:40 PM
HYDRAA resumes demolition of illegal structures in Greater Hyderabad Sun, Sep 22, 2024, 02:38 PM
'Goli' from Pakistan will be replied with 'Gola', says Amit Shah Sun, Sep 22, 2024, 02:30 PM
Coming back to Test cricket, where I belong the most, is special, says Pant Sun, Sep 22, 2024, 02:24 PM
INDvBAN: India name unchanged squad for Kanpur Test Sun, Sep 22, 2024, 01:07 PM
Sundar Pichai announces $120 million ‘Global AI Opportunity Fund’ Sun, Sep 22, 2024, 12:49 PM
1st Test: Ashwin, Jadeja shine in Chennai as India beat Bangladesh by 280 runs Sun, Sep 22, 2024, 12:14 PM
G7 ministers warn of AI impact on cultural sector Sun, Sep 22, 2024, 12:08 PM
Vodafone Idea finalises $3.6 bn deal with global partners to boost India footprint Sun, Sep 22, 2024, 11:56 AM
1st Test: I’ve seen him work so hard for this, Gill praises Pant after stellar Test comeback Sun, Sep 22, 2024, 11:50 AM
PM Modi, Kishida review India-Japan bilateral ties Sun, Sep 22, 2024, 11:13 AM
Pawan Kalyan begins 11-day 'Praschit Deeksha' over animal fat in Tirupati laddu Sun, Sep 22, 2024, 11:08 AM