Bihar Land Prices to Skyrocket: Rush for Registrations Before April 1st Hike

• Bihar is witnessing a massive rush for land registrations due to fears of a significant increase in circle rates (MVR) from April 1st.
• People believe the new MVR could lead to a three to four-fold increase in land prices, prompting them to complete registrations by March 31st.
• Official sources indicate that a concrete decision on the MVR hike is pending, and an increase from April 1st is currently unlikely.
• The Prohibition, Excise and Registration Department has proposed MVR changes to the state government, awaiting cabinet approval.
• Areas like Naubatpur, Mokama, Bikram, Punpun, Fatuha, and Bihta in Patna are expected to see a substantial increase in land prices.