Up to 40% rebate on circle rate for setting up educational institutions in Ghaziabad
Circle rates for 2018-19 have come into effect in Ghaziabad — there has been no change except for few corrections in certain areas. While the 5% rebate on rainwater harvesting has been abolished, up to 40% rebate on plots has been offered for setting up educational institutions in the city.
“From this financial year (2018-19), we are offering rebate on plots for establishing educational institutions, which will be under two slots,” said Ritu Maheshwari, district magistrate of Ghaziabad.
The two slots are — 30% rebate on plots having an area between 1,000 sq m and 20,000 sq m, and 40% on plots with an area of over 20,000 sq m. Earlier the rebate was under four slots between 10% and 30% on plots for the same purpose measuring between 1000 sq m and 20,000 sqm.
“By offering rebates under new parameters, we have tried to standardize the circle rate for educational institutions, hoping that it would give impetus to making Ghaziabad an educational hub of the region,” said Maheshwari.