LUCKNOW, July 3 -- The Lucknow Development Authority (LDA) has announced that it will not increase the sector rates of its properties, ensuring that the proposed hike in DM circle rates will not impact the prices of development authority-owned plots and flats.

In a press release issued on Wednesday, LDA clarified that it evaluates and allots its properties based on reserved sector rates, which will remain unchanged despite the district administration's proposal to revise circle rates across the city. The proposed hike, coming after a gap of nearly 10 years, is expected to raise property valuations in several areas, the press release said.

However, LDA's decision to retain existing sector rates means that the pricing of plots under its n...