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Mid-term revision of circle rates likely for Jewar

The district administration held a meeting with different stakeholders and discussed the feedback received for revision of circle rates, which will come into effect from August 1. Though the officials have not talked about any change, a mid-term revision of circle rates of Jewar is possible after the government gave the nod for an airport in the area.

Sources said the administration received nine feedbacks-Noida (7), Greater Noida (1) and Dadri (1) and applicants requested the officials to decrease the circle rate due to slowdown in real estate sector, also pointing out that circle rates in some areas are higher than the market rate. The administration had asked people and developers to submit the feedback by April 25.

Source: The Times of India