The property list shows a 30-40 per cent rise in price rates for all areas except the slum and gaothan areas where only a 10 per cent rise has been recorded. The RR was passed by a committee with the district collector as the head, and introduced with effect from January 1.

The list was tabled earlier but local MLAs had raised objections about the high rates in the outskirts of the city. The town planning and IGR department attribute the rise in rates to the city’s growing number of townships, multiplexes and IT parks.

The peth areas too are priced high on the RR with the price ranging between Rs 2500 per sq ft to Rs 3000 per sq feet. Ghorpadi Peth at Rs 1545 per sq ft and Shaniwar Peth at Rs 2251 per sq ft are priced among the highest??? in the peth areas. The other areas in the city that have seen prices soar are Shivajinagar at Rs 4279 per sq ft followed closely by Erandwana at Rs 4093 per sq ft.

There has been a considerable rise is the Yerwada area where the cost now stands at Rs 4186 per sq ft even as the plush Aundh locality still commands only Rs 3813 per sq ft and the equally upmarket Pashan area at Rs 2976 per sq ft. Among the other areas Wadgaon Khurd and Wadgaon Budruk are on the pricier side - at Rs 3720 per sq ft and Rs 3348 per sq ft respectively.

The much hyped Hadapsar for its IT parks is priced at Rs 2976 per sq ft in the RR According to officers, the prices have been fixed after going through more than one lakh transactions from various areas in the last year with the IGR department. Among the corporations in the state Mumbai, Thane, Pune, Nagpur and Nashik have seen a price rise. Nagpur’s cargo hub status and the IT boom in Nashik and Pune and Mumbai’s Special Economic Zones (SEZ) are some of the factors, says a senior officer. Though some government officers are maintaining that the prices quoted in the RR are around 30-40 percent less than the market rate, builders lobby feels otherwise.