logo
After nearly 8 years, Ayodhya land circle rates hiked up to 200%

After nearly 8 years, Ayodhya land circle rates hiked up to 200%

Indian Express08-06-2025
After nearly eight years, the circle rate of land in Ayodhya, where a Ram Temple was inaugurated last year, has been increased up to 200 per cent, depending on the use of land and location.
While the order is effective from Saturday, a holiday, the land registry, as per the new circle rates, will begin from Monday.
'We have approved the proposal for a hike in circle rate after considering the objections we had received on our proposal circulated in August last year,' District Magistrate (Ayodhya) Nikhil Funde told The Indian Express on Sunday.
On the hike, Funde said: 'The demand from the public was mostly to raise it more than our proposals in several areas. But the decision has been taken based on market rates and a survey conducted by us.'
The circle rate is the district administration's assessment of land value in its jurisdiction, based on which stamp duty is fixed on sale or purchase, and based on which the administration acquires property from land owners, including farmers.
On July 10 last year, The Indian Express had reported that the circle rates in Ayodhya have not been increased for the past seven years despite a surge in land transactions and the rising market value of land ever since the 2019 ruling of the Supreme Court that paved way for the construction of the Ram Temple in the town.
The Uttar Pradesh Stamp (Amendment) Act, 1997, which was amended in 2015, stated that the 'District Collector, as far as possible, in every August month, will determine Rs per square metre minimum value of Agriculture/non-Agriculture land' and other immovable properties considering use of land, irrigation facilities, distance from road, market, bus station, railway station, factories, educational institutions, hospitals and government offices; its location within urban, semi-urban or rural areas; and other possibilities like distance from developed areas.
Ayodhya is among 54 districts of Uttar Pradesh where the circle rate was last revised in 2017. In 21 districts, it was revised in 2023. The rates were also revised in districts adjoining Ayodhya such as Barabanki, Ambedkar Nagar, Gonda and Basti and Sultanpur.
The steepest hike in the circle rate has been in areas near the Ram Janmabhoomi where the market rate of land has increased manifold since the Supreme Court's Ram Temple verdict.
The highest hike of 200 per cent has been in villages like Tihura Manjha where the circle rate for 'agriculture' land since August 2017 ranged from Rs 11 lakh to Rs 23 lakh per hectare. In the latest circle rate, it has gone up to Rs 33 lakh and Rs 69 lakh per hectare. At Tihura Manjha village, the House of Abhinandan Lodha has purchased land and actor Amitabh Bachchan had signed an agreement for two plots last year.
For Tihura Uparhar, the circle rate has been increased from Rs 32-71 lakh per hectare to Rs 42-95 lakh per hectare.
In Shahnawzpur Majha, the rate has been increased from Rs 75-169 lakh per hectare to Rs 98-221 lakh per hectare. In Barahta Majha, the circle rate has been hiked from Rs 75 lakh- Rs 169 lakh per hectare to Rs 98 lakh- 221 lakh per hectare.
At Ganja village, where the airport is located, old rates ranged between Rs 28 lakh to Rs 64 lakh per hectare. The new rates are between Rs 35 and 80 lakh per hectare.
The UP Avas Vikas Parishad, which has proposed to build a township spread over nearly 1,800 acres, acquired nearly 600 acres until last March in villages such as Shahnawaz Pur Majha, Barhata Manjha, and Tihura Manjha.
However, some of the farmers said the hike is not up to their expectations. 'Rates should have been increased at least 200 per cent in every village surrounding nearly 10 km of Ram Janmabhoomi. Farmers are not benefitting from the developments that are taking place in Ayodhya,' said Durga Yadav, who is fighting a legal case for an increase in circle rates in the Allahabad High Court.
In last year's Lok Sabha elections, Samajwadi Party candidate Awadhesh Prasad defeated the sitting BJP MP from Faizabad parliamentary constituency, where Ayodhya is located. The Milkipur (SC) Assembly seat, vacated by Prasad, was won by the BJP later.
Shyamlal Yadav is one of the pioneers of the effective use of RTI for investigative reporting. He is a member of the Investigative Team. His reporting on polluted rivers, foreign travel of public servants, MPs appointing relatives as assistants, fake journals, LIC's lapsed policies, Honorary doctorates conferred to politicians and officials, Bank officials putting their own money into Jan Dhan accounts and more has made a huge impact. He is member of the International Consortium of Investigative Journalists (ICIJ). He has been part of global investigations like Paradise Papers, Fincen Files, Pandora Papers, Uber Files and Hidden Treasures. After his investigation in March 2023 the Metropolitan Museum of Art, New York returned 16 antiquities to India. Besides investigative work, he keeps writing on social and political issues. ... Read More
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Epsilon to partner with firms seeking ex-China EV battery supply: MD
Epsilon to partner with firms seeking ex-China EV battery supply: MD

Business Standard

time6 minutes ago

  • Business Standard

Epsilon to partner with firms seeking ex-China EV battery supply: MD

Battery materials manufacturer Epsilon Advanced Materials is prepared to enter into long-term strategic partnerships with the companies looking to source high-quality graphite anode and cathode materials outside China, a company official said. EV batteries are made of components like anode, cathode, electrolyte and separator. As of now China commands over 90 per cent of this graphite anode and cathode processing capacity which is used in electric vehicles. The recent curbs by China on the export of key battery-grade materials and technologies for both graphite anode and cathode (lithium iron phosphate-based) has intensified global concerns over supply chain vulnerabilities in the electric vehicle (EV) sector including in India. This development comes as India ramps up efforts to build a resilient, localised battery supply chain in the wake of China's tightening export restrictions on critical battery technologies. "Epsilon is ready to partner with cell manufacturers and Auto OEMs who are eyeing ex-China sourcing to secure long-term supply chain of high-quality anode materials and LFP (lithium iron phosphate) cathode while supporting their localization and sustainability objectives," company's Managing Director Vikram Handa said in an interview. China has a good early mover advantage and hence has been dominating the global battery materials supply chain for decades, but the recent export restrictions has shown how critical it is for battery manufacturers and auto OEMs to diversify their sourcing, outside of China, he explained. "To begin with, our integrated and proprietary synthetic and natural graphite anode materials allow us to provide a secure and consistent supply chain to our customers across geographies. We have strategically invested in R&D facility and commercial plant to ensure customer qualification samples to our customers for sample testing and qualifying them," he said. The company has its own proprietary technology for manufacturing lithium iron phosphate cathode with an R&D facility in Germany which makes them unaffected from the recent Chinese curbs. Many companies who were dependent on the Chinese LFP cathode technology to manufacture in India are stuck as they will have to now invest in their own R&D which takes 5-6 years to mature. "We have manufacturing plants in India, USA, and Finland with total capacity of 60,000 tonne by 2027 and 220,000 tonne by 2030 which make us the largest anode material producer outside China and will strengthen the resilience of our supply network. "The cathode material plant of 100,000 tonne by 2030 in India will make us Atmanirbhar in electric vehicle battery material supply chain. This multi-continent presence gives our international clients more flexibility, localised supply options, and a reduced risk of disruption," he explained. The company is investing Rs 15,350 crore in Karnataka to develop state-of-the-art manufacturing and research facility for electric vehicle battery materials, battery testing and advanced materials R&D.

NLC India arm NIRL to go public in Q2 of FY27; to raise ₹4,000 cr to part fund expansion: CMD
NLC India arm NIRL to go public in Q2 of FY27; to raise ₹4,000 cr to part fund expansion: CMD

Time of India

time20 minutes ago

  • Time of India

NLC India arm NIRL to go public in Q2 of FY27; to raise ₹4,000 cr to part fund expansion: CMD

New Delhi: NIRL , the renewable energy arm of state-owned NLC India , is expected to go public in the second quarter of the next financial year to raise around Rs 4,000 crore to part fund its expansion plans, a top official of the company said. In an interview to PTI, Chairman and Managing Director (CMD) of NLC India Ltd (NLCIL) Prasanna Kumar Motupalli said that the public sector enterprise is targeting to ramp up its renewable energy capacity from the current 1.4 GW to 10 GW by 2030 and the company plans to raise Rs 4,000 crore through initial public offering (IPO) route. The company plans to file draft papers with markets regulator SEBI in the first quarter of 2026-27. "We are targeting ₹4,000 crore through IPO by September we will be in a position to ramp up our renewable assets through NIRL and by March 2026 we will be able to complete the legal and the financial due diligence and in the first quarter of 2026-27 we will be going for DRHP through the SEBI," the CMD explained. NLC India Ltd, which will invest ₹50,000-₹60,000 crore to increase its renewable energy capacity by almost seven times, plans to do it through equity and debt. "The equity portion is funded through internal resources," he said. The cabinet committee on economic affairs (CCEA) on July 16 gave a special exemption to NLC India Ltd from investment guidelines that govern government-owned firms, which will enable NLCIL to invest ₹7,000 crore in NIRL. The company will also be able to invest in various projects directly or through joint ventures, without seeking approvals, which are a must for all Navratna Central Public Sector Enterprises. At present, NLCIL operates seven renewable energy assets with a total installed capacity of 2 GW, which are either operational or close to commercial operation. NLC India is a 6 GW company which includes 4.6 GW thermal capacity. NLC India -- the first company in the country to add 1 GW renewable capacity -- has plans to scale up its green energy capacity to 32 GW by 2047. NLC India, under the Ministry of Coal, is into businesses of mining and power generation. PTI

For Breitling, the good times continue in India
For Breitling, the good times continue in India

Time of India

time35 minutes ago

  • Time of India

For Breitling, the good times continue in India

Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel New Delhi: This year may not be as bright a year for the luxury market globally as 2024, but India could be an exception, said Pradeep Bhanot, managing director of luxury Swiss watch brand Breitling in India.'2024 was a very promising year for us. We grew at a rate of about 40% plus (in India). This year has started off on a very good note too. In both volume and value, we are at a good, double-digit healthy number,' Bhanot told ET. 'We are growing at a rate which is a little higher than the Swiss watch imports into India, and we are confident that this trend will continue.'Bhanot said a lot of economists had predicted the first half of this year to be slower than the second.'Because of geopolitical developments, luxury consumers seem to be cautious about spends globally. But India is a very resilient country and we are hoping things will pick up further from September with the festive season and the weddings,' he said. 'The Indian community must be the biggest spender on weddings globally, and Indians will continue to spend in the second half of the year as well.'Swiss watch exports to India rose to 128.3 million Swiss francs between January and June this year, up 12.7% over 2024, as per data released by the Federation of the Swiss Watch Industry. In contrast, shipments to Japan, China Hong Kong and Singapore fell 3.2%, 18.7%, 13.3% and 3.7%. To be sure, India's robust growth came on a much smaller base than the other is among the top three luxury watch brands in the country, in segments priced at Rs 4 lakh and above. The brand is available at five single-brand stores and 26 multi-brand outlets.'In the next three years, we are looking at 40 points of sale, which includes our single-brand boutiques as well as multi-brand stores ,' Bhanot the going seems to be good for the brand, high duties and lack of quality infrastructure seem to be limiting the growth of the luxury sector in the country, said Bhanot.'Lack of retail space for luxury brands is a major challenge. We can count the number of luxury malls in the country on our fingers,' he said, adding that the duties are also very high.'The customs duty is 22%. Thankfully, with the new trade and economic partnership agreement between India and Switzerland we should see some reduction of customs duty,' he expects India's young demographics and entrepreneurs to drive growth for the country.'The only common denominator between India and China is the population. In terms of infrastructure development and spending patterns, China is a very different country,' he said.'But brands are realising that India is a young country. Look at the number of young CEOs and entrepreneurs we have. That itself will drive a lot of confidence in the market,' he said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store