Property prices in Bhopal set to rise by up to 250% in 230 locations
Real Estate

Property prices in Bhopal set to rise by up to 250% in 230 locations

Property prices in Bhopal are expected to rise significantly, with increases ranging from 5% to 250% at 230 locations, as the district administration proposes a second hike in collector guideline rates this fiscal year. The new rates, to be applied from April 2025, will impact residential, commercial, and agricultural sectors.

This increase follows a similar hike earlier this year, with some locations seeing price rises up to 300%. The proposal has faced opposition, with local MLA Bhagwandas Sabnani advocating for a reduction in rates at certain locations. The revised proposal will be submitted to the Central Valuation Committee for approval.

Property prices in Bhopal are expected to rise significantly, with increases ranging from 5% to 250% at 230 locations, as the district administration proposes a second hike in collector guideline rates this fiscal year. The new rates, to be applied from April 2025, will impact residential, commercial, and agricultural sectors. This increase follows a similar hike earlier this year, with some locations seeing price rises up to 300%. The proposal has faced opposition, with local MLA Bhagwandas Sabnani advocating for a reduction in rates at certain locations. The revised proposal will be submitted to the Central Valuation Committee for approval.

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