DELHI GOVT (KEJRIWAL GOVT) INCREASES THE CIRCLE RATES OF LAND FOR LAND POOLING BY NEARLY SEVEN TIMES- UNDERLYING ITS COMMITTMENT TOWARDS LAND POOLING POLICY
The circle rate of land in South West Delhi i.e. L Zone has been revised from Rs.53 Lacs/Acre to Rs.1.50 Crores/Acre for Agriculture Land and Rs. 3.5 Crores/Acre for land coming under Land Pooling Policy.
By this move, Delhi State Govt has acknowledged the Land Pooling Policy announced by the Central Govt in Sept 2013 and puts to rest all doubts on the policy of the Kejriwal Govt towards Land Pooling.
With the increase in Circle Rates, the State Govt has clearly divided the agricultural land of Delhi into two categories :-
Category 1: Agriculture Land that comes under the Land Pooling Scheme notified on 05 Sept 2013.
Category 2: Agriculture land that does not come under the Land Pooling Scheme.
With such a steep hike in the Circle Rates, the Govt has also acknowledged the spiraling cost of Land that comes under the Land Pooling Scheme. Whilst all over the NCR the property rates have come down drastically, it is the agriculture land under land pooling policy that has been acknowledged to be appreciating so fast, for obvious reasons. The last revision in circle rates was in 2008 and thus there has been an increase of nearly Seven Times in Seven Years.
The document attached with the e mail is the notification of the Govt of National Capital Territory of Delhi on the revised Circle Rates. Notwithstanding the fact that the circle rates have been kept on hold by the Hon’ble Lt Governor, the notification clears the air regarding Kejriwal Govt’s stand on Land Pooling.