Section 7 in The Waqf Properties Lease Rules, 2014
7. Reserve Price.
- [(1) The reserve price per square feet for lease of an immovable waqf property shall -(a)for hospitals, educational institutions and social sectors, be not less than 2% per annum.(b)for commercial activities, be not less than 2.5% per annum.](2)The market value referred to in sub-rule (1) shall be the price fixed for registering a conveyance at the office of the Registrar or Sub-registrar.
