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Land demand shoots up around Tehri reservoir

Monday October 15, 12:57 AM

The blocked waters of Bhagirathi for the 2400 MW Tehri Dam project has created a reservoir spanning nearly 42 square kilometres, making it one of the largest artificial lakes in Asia. The scenic beauty of the lake has increased Uttarakhand’s tourism potential immensely and demand for land in surrounding areas has increased.

Sensing the possible surge of tourists, property dealers have started buying large plots to build hotels and resorts. A look of land purchase records show that while only six parties bought plots in 2005-06 and barely Rs 32,000 was received as stamp duty, the figures went up considerably the following year. In 2006-07, 51 new plots near the lake in areas like Kuttha, Dabri, Baur and Bhengi were registered and nearly Rs 46 lakh collected as stamp duty. [more]