Revised land reserve price in Jaipur outskirts: All you need to know
JDA reduced land reserve price on Thursday.
Jaipur: The Rajasthan government on Thursday reduced the land reserve price in the outer areas of Jaipur to boost property market. This will come as a big relief to builders and property buyers in the city. They have been demanding a drop in the prices for a long time as they were weighting down on the already slump property markets. The land reserve price in high population areas has remained unchanged.
JDA had sent a proposal to urban development and housing (UDH) department in this regard. The UDH minister Srichand Kriplani gave his nod to the proposal on Thursday. JDA issued orders, reducing reserve price with immediate effect.
Property experts said that homes will get cheaper as the fee paid for 90A conversion, building plan and lay out plan approval is determined on the basis of land reserve price. The end buyer will benefit from the reduction only if builders revise their rates accordingly.
In September, 2015, JDA had increased land reserve manifold. Builders and developers protested the increase as it was slowing down the property market.
For the first time, land reserve price has been linked to the width of the road.
- Land situated on 80-100 feet road will draw a reserve price 10% higher than land situated on roads less than 80-feet wide.
- Land reserve price for land situated on 100-feet wide road will be 15% higher.
Revised land reserve price rates
Zone 5 and 7: The land reserve price in U-1 area was from Rs 12,000 to Rs 14,000 per square meter. It has been reduced to Rs 12,000 per square meter.
Zone 8: The land reserve price rate was from Rs 12,000 to Rs 14,000 per square meter, it has been reduced to Rs 10,000 per square meter.
Zone 9 (From Delhi railway line to Jagatpura Goner): For U-1 areas, the revised land reserve price rate is now Rs 10,000 per square meter. It was earlier Rs 12,000-Rs14000. For U-2 areas, the land reserve price is Rs 8,000. It was earlier Rs 8,000-Rs 10,000. For U-3 areas, it will be Rs 8,000 reduced from Rs 10,000.
Zone – 10 (areas on both sides of Agra Road): For U-1, the rate will now be Rs 8,000 reduced from Rs 12,000-Rs 14,000. For U-2, the rates have been reduced to Rs 6,000 from Rs 8,000-Rs 10,000.
Zone 11 (Between Ajmer Road and Phagi Road): For U-1, land reserve price rates have been reduced to Rs 8,000 from Rs 12,000-Rs14,000.
Zone 12 (between Ajmer Road and Sikar Road): For U-2, the rates have been reduced to Rs 6,000 from Rs 8000-Rs10000.
Zone – 14 (From Phagi Road to Tonk Road): For U-3, rates have been reduced to Rs 8,000 from Rs 10,000.
Zone 11 & 12 (rural area): Rates have been reduced to Rs 4,000 from Rs 6,000 in Zone 11m, while in Zone – 12, rates have been reduced to Rs 5,000 from Rs 6,000.
In the Jaipur’s masterplan, the city has been divided into three parts – U-1, U-2 and U-3. U-1 is the jurisdictional area of Jaipur Municipal Corporation, while U-2 is the area which is less populated and is in JDA’s jurisdiction outside JMC area. U-3 is completely rural area.