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Delhi property: Circle rates raised by up to 250pct

Posted on 01 November 2011

Home prices in Delhi are expected to rise sharply for the second time this year after the Delhi cabinet gave its nod to increase circle rates in the city by up to 250%. In February this year, circle rates were increased by over 100%. Circle rate is the minimum rate at which properties have to be registered with the government.
“The growth of the real estate market and instances of under valuation of properties necessitated the notification of the minimum rates,” said Delhi’s chief minister Sheila Dikshit…………………………………………Full Article: Source


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