UP Property Prices to Drop: Yogi Govt Introduces New Rules for Affordable Homes

• Yogi Adityanath government to introduce new policy to control property prices set by development authorities.
• New policy aims to make home buying easier and more affordable for common people, especially middle and low-income groups.
• A standard formula will be created for property pricing, eliminating unnecessary charges and revising development work rates.
• Ideal costing guideline already approved, reducing prices of old properties by modifying interest, contingency, and overhead charges.
• Special focus on EWS, LIG, and Mini MIG categories; new schemes to be linked with Pradhan Mantri Awas Yojana Urban.