HC Deb 14 April 1910 vol 16 c1410
Mr. REES

asked the average prices obtained for land sold in the Punjab irrigation colonies; and whether as much as £3,000 an acre was realised quite recently for market sites sold at Jaranwala?

Mr. MONTAGU

The selling value of ordinary agricultural land in the irrigation colonies varies, according to situation and quality, from about £7 to £15 the acre. Land so sold would be subject to land revenue assessment and water rates. Land suitable for building or for market sites fetches higher prices, but the price of £3,000 per acre reported to have been paid for sites in the new town of Jaranwala in the Ghenab colony is, of course, exceptional.