The Revenue Department has initiated a comprehensive review of industrial plot valuations across key regions to ensure that property assessments align with current market conditions. Rapid industrialization, infrastructure development, and increased investment activity have made previous valuation benchmarks outdated in many industrial belts. The review aims to update base prices for government land sales, lease rates, and tax assessments. This move is crucial for maintaining fiscal transparency, ensuring fair land pricing, and promoting balanced regional development. Industrial developers, manufacturers, and investors are closely watching the process as it impacts project cost structures. The valuation revision reflects the government’s proactive stance in supporting evolving industrial growth trends.

As part of the review process, the department is collecting data from recent land transactions, consulting with industry bodies, and analyzing infrastructure upgrades in industrial zones. Special focus is being placed on connectivity improvements like new highways, freight corridors, and logistics hubs that have enhanced the attractiveness of certain locations. Zones near expressways, ports, and special economic areas are expected to see notable upward revisions in valuation. In addition to current market indicators, future development prospects are also being factored into the assessments. The Revenue Department seeks to create a dynamic valuation framework that supports both investors and public revenue goals. Transparent and updated valuations are expected to strengthen investor confidence in industrial land acquisitions.

The valuation review is also expected to streamline future land allotments, simplify government auctions, and provide a fair basis for compensation in industrial expansion projects. Developers and industries planning large-scale investments are urging for timely completion and regular updating of valuations to keep pace with fast-moving market dynamics. Accurate land valuation helps prevent speculation, reduces litigation risks, and facilitates smoother project execution. Revenue officials emphasize that the revised valuation process will be participatory, involving feedback from local authorities and industrial stakeholders. By modernizing industrial land valuations, the government aims to catalyze greater economic activity, attract high-quality investments, and foster sustainable industrialization across the region.