Land prices jump 50-80 times in villages, towns along Mughal Road
Shariq Majeed
EVEN as the
The road is an alternative route to the

A view of the
Residents said the rate of one kanal land had increased by 50 to 80 times in villages along the road while in less inhabited villages like Poshana and Dugran, it had increased by five to 10 times.
The
Muhammad Din, a farmer owning 20 kanals along the road says, “The rate per kanal of land was Rs 20,000 in 2004 but presently I have customers from
Buyer Tariq Mehmood of neighbouring Rajouri district who bought 10 marlas land in 2002 in Chandimarh area said that few years back, before the road project started, he bought the land for Rs 1.2 lakh but now the same piece of land costs more than Rs 15 lakh!
“Not very long ago, we would eagerly wait for customers to sell our land for a price which is twenty times lesser than the current prices. Now, we get customers who are ready to pay any price for the land,” says Feroz Khan, a local contractor who also deals in property business. “Once the road opens, people will construct shops and other business establishments and will earn huge profits.”
Road map
CONSTRUCTION of the 84 km road from Bufliaz to Shopian costing Rs 639.35 crore (present estimate) is going on since 2005 and is likely to be completed by 2011. Presently 43 km road from Buffliaz to Pir-ki-Gali in this border district has been completed and made fair-weather, of which, 26.20 km has been double-laned.
Even the road construction is complete on a 41-km stretch from Shopian side in
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