Ayodhya Circle Rate Set to Increase Up to 200%
Ayodhya Circle Rate Set to Increase Up to 200%

Ayodhya Circle Rate Set to Increase Up to 200%

News summary

Ayodhya is set to experience a significant rise in land prices as the government plans to increase the circle rate by 50 to 200 percent after a gap of seven years. This decision comes in response to soaring property values following the construction of the Ram Temple and extensive infrastructure developments in the area. The District Magistrate has invited public feedback on the proposed rates, which will be finalized after considering objections by September 4. The last revision of circle rates occurred in 2017, and local residents have expressed dissatisfaction over previous compensation related to land acquisition. Officials emphasize that the updated rates are crucial for aligning with market dynamics and boosting state revenue. The finalized rate list is expected to be publicly available soon, providing clarity for prospective buyers.

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