Ankit Gupta
JAMMU, Sep 29: Will Revenue Board Jammu and Kashmir fix Circle Rates for Flats in Jammu like Land?
Expert of Engineering field while speaking to Cross Town News said hefty Profits being charged from needy groups in J&K and thus exploiting the Middle income group and Lower income group , who are eventually the buyers of such Housing soceity , as they cannot afford to buy land and construct Houses in Jammu and there is need for some kind of ceiling.
He added that even if you take Land costs seggregated into individual Flats and CPWD Construction rates, Profits in Jammu are being charged at 400 to 500 percent , mostly by Builders coming from oustide J&K.
Expert of Revenue matter while speaking to Cross Town News said that J&K Government made an excellent decsion of placing the Circle rates, which put a cut on circulation on Black money.
On similar notion , Jammu and Kashmir Revenue Board , which is now vested with such Powers , can put a Circle rate for Flats , but with a diffrent condition , that a Builder cannot sell the Flat over the Circle rate , though giving a substantial Business profit to Builders , but not such hefty profits , which can lead to exploitation of Middle/Lower income groups.
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