Ghaziabad Property Circle Rates: The Uttar Pradesh Housing Board has decided to increase the circle rates in Ghaziabad’s Vasundhara and Siddharth Vihar townships. The question now is how this will impact property prices and the common man’s pockets. According to a Times of India report, these new rates will come into effect on April 1, 2025, and will remain in effect for the entire financial year 2025-26. These rates will increase by ₹7,000 to ₹9,000 per square meter, which will apply to both residential and commercial properties.
Rates of group housing and commercial properties also increased.
Vasundhara, which is divided into 19 sectors and has a large population, has seen a significant increase in circle rates. For example, plot rates in odd-numbered sectors like 1, 3, and 5 have increased from ₹73,000 per square meter to ₹82,000, a ₹9,000 increase. Even in even-numbered sectors, rates have risen from ₹75,000 to ₹82,000 per square meter. Not just plots, but group housing and commercial property rates have also risen. These rates have now become one-and-a-half to two-fold higher than plot rates. This will impact thousands of people who have invested their life savings in these properties.
Circle Rate Increase
Siddharth Vihar, which spans 635 acres and is rapidly developing, has also seen an increase in circle rates. Plot rates here have risen from ₹65,000 to ₹70,000 per square meter. Group housing and commercial property rates have also increased correspondingly. However, the Board has not changed the rates for certain projects in Siddharth Vihar, designed for the low-income group. The rates for Brahmaputra Enclave have been kept constant at ₹55,600, and for Ganga, Yamuna, and Hindon Apartments at ₹43,800 per square meter.
The government wants to capitalize on this growth.
According to Times experts, recent changes to the UP Building Bylaws 2025 have facilitated this increase. The new rules allow taller buildings and higher floor area ratios (FAR), which will boost group housing projects. Ghaziabad-based real estate expert Ashish Kumar says the government wants to capitalize on this growth, which is why circle rates have been raised. Improved connectivity is also a reason. Projects like the Rapid Rail, the Delhi-Meerut Expressway, and the proposed Noida Electronic City to Sahibabad Metro line are increasing the popularity of Vasundhara and Siddharth Vihar.
Ashish says that due to these amenities, buyers will not be affected much by the increased prices. Nevertheless, property owners remain concerned about rising expenses and future transactions.
