+
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
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?