The exercise has begun to increase the market value of land in the state. Proposals have been prepared for the revision of land prices in various categories. In particular, GHMC and HMDA have decided to increase the market value by 30 percent if it currently exceeds Rs 20,000 per square yard. It is proposed to increase the existing minimum price from Rs 2,000 to Rs 3,000 across Greater while raising the minimum price to Rs 800 under the HMDA.
The government has also decided to increase the price of flats in large-scale apartments under HMDA to 30 percent of the market value, which is currently more than Rs 4,000 per square meter. After a long exercise, the government has prepared proposals to increase the value of land in various categories. The market value of agricultural land in the state has also been divided into four categories and an increase has been proposed.
About eighty years ago, the then government of the erstwhile Andhra Pradesh increased the market value of land in the Commonwealth. In April 2013, the then government decided to increase rates. Since then, with the formation of the state of Telangana, the city of Hyderabad has become a hub for international investment and has made significant progress in all areas. The rates of agricultural land also increased due to the construction of various irrigation projects, Rythu Bandhu, etc.