Land Rates

100 land deals in first 9 months of 2024, Delhi NCR leads with 32% share

According to the report, land deal volume in India surged by 65% Y-o-Y, reaching 1,700 acres dominated by 6 major Indian cities (Delhi-NCR, Mumbai, Chennai, Hyderabad, Bengaluru, Pune) in Jan-Sep'24

Rain fury: Over 200 people relocated in Hingoli, crops hit in Nanded

More than 200 persons were relocated and nearly 90 others rescued after heavy rains inundated several areas in Hingoli district of Maharashtra's Marathwada region, while over 2 lakh hectares of land under cultivation got affected in neighbouring Nanded district. Heavy rains have been pounding parts of the Marathwada region, comprising eight districts, since Sunday. At least four persons have lost their lives in rain-related incidents so far. According to officials, 45 revenue circles in Nanded district were affected by the downpour. Crops on more than 2 lakh hectares were affected and 25 animals were reported dead. Crops in Nanded city, Ardhapur, Hadgaon, Degloor, Mudkhed, Kandhar, Loha and Naigaon were badly damaged due to the rains, they said. The crop loss survey will be undertaken after the rain stops, Nanded collector Abhijit Raut said in a release. Bharad, Malegaon and Dabhad revenue circles recorded 170 mm rainfall in just 12 hours on Monday, an official said. The low-lyin

After 7 years, circle rates of lands in Ayodhya set to rise in Sept

After seven years, the circle rate of land in the Sadar tehsil of Ayodhya district will be raised by up to 200 per cent from next month, officials here said on Friday. After the consecration ceremony of the Ram Temple in Ayodhya earlier this year, the land prices in the temple town have witnessed an increase at a fast pace. Investors, real estate companies and big hotel chains are purchasing lands in Ayodhya. Ayodhya Divisional Commissioner Gaurav Dayal said, "Notice for the increase of circle rate has been published and the exact circle rate will be issued in the first week of next month". According to a notice at the District Collectorate here, after September 4, the district administration will release the new circle rate, the procedure for which has been completed. On the instructions of the District Magistrate of Ayodhya CV Singh, the process of revision of the valuation list has been finalised in the district under Rule 4 of Uttar Pradesh Stamp (Valuation of Property) 1997,

Journalist among 14 held for grabbing govt land worth Rs 1,000 cr in Kanpur

Fourteen people, including a TV journalist, have been arrested on charges of grabbing government land having a market value of over Rs 1,000 crore, police said on Monday. Journalist Avneesh Dixit and others were arrested on Sunday after they were named in complaints lodged by the revenue officer and Samuel Gurudev Singh, to whom the land had been leased, they said. Additional Commissioner of Police (Law and Order) Harish Chandra said Dixit has been arrested and FIRs have been registered at Kotwali police station in the matter. Efforts are being made to nab other accused. The FIRs have been lodged under sections 61(2) (criminal conspiracy), 74 (criminal force to any woman intending to outrage modesty), 127(2) (wrongful confinement), 191(2) (rioting), 308(5) (extortion), 310(2) (dacoity), 324(4) (mischief causes loss), 329(4) (house trespass), 351(2) (criminal intimidation), 352 (intentional insult) of the Bharatiya Nyaya Sanhita and under the Prevention of Damage to Public Property .

Land deals slowing down? Not everywhere! Bengaluru, Gurugram still booming

Bengaluru remained the top city for land deals with 9 deals for around 114 acres, all for residential projects.

Greater Noida board hikes land allocation rates by 5.30% for FY25

The board of the Greater Noida Industrial Development Authority (GNIDA) on Saturday approved a proposal to increase land allocation rates by 5.30 per cent for 2024-25 fiscal, according to an official statement. Several developmental projects, including the Greater Noida West Metro, Multimodal Logistics Hub, and Transport Hub, are coming to Greater Noida and Greater Noida West (also known as Noida Extension), the GNIDA said. "In view of these developmental projects, property allocation rates are determined for each financial year. The board has approved the proposal to increase the current allocation rates for industrial, residential, commercial, institutional, and builder properties by 5.30 per cent for the fiscal year 2024-25," it said. "The finance department will soon issue an office order in this regard. The new rates will be considered effective from April 1," the GNIDA said, describing the 5.30 per cent rate hike as "modest". The board, in a meeting chaired by UP's ...

Land deals on upswing; 721 acres closed in Jan-Mar: Anarock report

Builders and other entities have closed at least 29 land deals involving 721 acres during January-March this year to expand their businesses amid surge in demand especially for housing, according to Anarock. During the entire 2023-24 fiscal, property consultant Anarock said that real estate developers and other entities have closed 101 land deals, cumulatively accounting for 2,989 acres. Land deals in terms of acres have increased 61 per cent annually in January-March 2024 and 58 per cent annually in 2023-24. At least 26 land deals for around 449 acres were closed during January-March 2023, while 88 land deals for 1,886 acres were struck during the full 2022-23 fiscal. These land deals, which were struck across major tier I, tier II and tier III cities, include outright purchase-sale transactions and also partnerships with landlords called Joint Development Agreements (JDAs). Anarock Chairman Anuj Puri said, "Out of the total land deals in 2023-24, over 83 deals for about 1,135 ac

BS IMLC: 'Developers looking beyond capital, aiming to tap smaller cities'

There is confusion among buyers regarding the distinction between land and a house due to issues with land records and opaqueness

97 land deals closed in India in 2023: Here are the top 10 biggest ones

In contrast, 2022 saw 82 land deals for 2,508+ acres closed; thus, 2022 and 2023 together saw 179 deals for 5215+ acres

Russian consumers find themselves in a bind as high inflation persists

The shelves at Moscow supermarkets are full of fruit and vegetables, cheese and meat. But many of the shoppers look at the selection with dismay as inflation makes their wallets feel empty. Russia's Central Bank has raised its key lending rate four times this year to try to get inflation under control and stabilize the ruble's exchange rate as the economy weathers the effects of Russia's military operation in Ukraine and the Western sanctions imposed as a consequence. The last time it raised the rate to 15 per cent, doubled that from the beginning of the year the bank said it was concerned about prices that were increasing at an annualized pace of about 12 per cent. The bank now forecasts inflation for the full year, as well as next year, to be about 7.5 per cent. Although that rate is high, it may be an understatement. If we talk in percentage terms, then, probably, (prices) increased by 25 per cent. This is meat, staple products dairy produce, fruits, vegetables, sausages. My

Omaxe Group acquires over 5 acres of 'prime' land in Ludhiana for Rs 220 cr

Realty firm Omaxe Group on Tuesday said it has acquired over 5 acres of land in Ludhiana, Punjab for Rs 220 crore. In a statement, Omaxe said it has "secured more than 5 acres of prime land... through a competitive bidding process conducted by the Rail Land Development Authority (RLDA)." The acquisition was finalised at a bidding amount of Rs 220 crore, it added. Omaxe will develop both residential and commercial projects on this land parcel. "This acquisition aligns perfectly with our strategy to strengthen our presence in key markets and contribute to the growth of Ludhiana's real estate sector," Jatin Goel, Executive Director, Omaxe Group, said. Omaxe has delivered over 132 million square feet of realty space. It has delivered 21 group housing real estate projects, 10 integrated townships, and 14 commercial projects ( malls/office spaces/hotels/SCOs). The group has another 22 million sq ft of space under construction. This includes seven ongoing integrated townships, five gro

28 states adopt national generic document registration for land records

As on April 18, computerisation of record of rights (RoRs) has been completed in 6,22,030 (94.62 per cent) villages out of 6,57,403 villages

Govt plans panel to help resolve state-owned firms' land disputes

Land is a state subject in India, with both the Parliament and state assemblies able to write laws around certain land rights

Trade body calls for cheaper land rates to set up industries in Rajasthan

ARTIA's president Vishnu said that the government should ensure the availability of land in industrial areas at affordable or subsidised rates

Canada firm may be roped in to advise land special purpose vehicle

The government has been trying to replicate the Canadian model for National Land Monetisation Corporation

BS READS: Land revolution in Kashmir, but who is selling or buying?

Land prices have more than doubled officially to allure locals to sell, while land records have been cleansed and digitised over the past year to attract outsiders to buy without fear of fraud

Karnataka land reforms may trigger fresh look at land acquisition process

Experts suggest easier land use norms and digitisation of records

Government notified rate for land goes down by 20% in Madhya Pradesh

The decision is a first move by the Kamal Nath-led Congress government to simplify land rates