There is another area- East Kidwai Nagar, that is being discussed that it will be regularised. That colony is meant for only governemnt officials I hope.
Hi guys.. the sudden hike in property rates have made the residents very happy, especially in Pandav Nagar's E and F blocks. Although many are not planning to sell off their properties, they are extremely happy about the growing value of their assets.
The property rates in east Azad Nagar have increased from Rs 3 lakh per sq yard to Rs 5 lakh per sq yard. Also many developers have started buying plots in that area. The residents planned to pool in money to pay for the layouts so that the colony can get the benefit of regularization.
The property owners could not sell their properties as it was an unauthorised colony. So many were facing issues with that area.. But now since it is approved, they hope that they can sell off their properties.. And that too as rates have doubled, they may even change their plan..
Sajal, East Azad Nagar had been regularised.. you will be surprised to know that the rates of properties in that area have already double after the regularisation..