Indiabulls Housing Finance sells Yes Bank co-founder Rana Kapoor s Delhi property for Rs 114 crore freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
Highlights
The rates have been reduced till September 30, 2021.
The decision was taken in a cabinet meeting chaired by CM Kejriwal on Feb 5.
NEW DELHI: If you are planning to buy a property in Delhi but the skyrocteing prices of land in the national capital were not letting you achieve your dream, here s a major update for you. The Delhi government, led by Arvind Kejriwal on Friday (Feb 5) reduced the circle rates of residential, commercial and industrial properties by 20 per cent for the next six months, making it substantially cheaper for people to invest in real estate sector in the national capital.
Delhi Government Reduces Circle Rates For Properties by 20%
The move will revive the real estate sector, create new jobs and âreduce the financial burden on the common manâ, chief minister Arvind Kejriwal said.
Arvind Kejriwal. Photo: Twitter/AAP
Government06/Feb/2021
New Delhi: People eyeing a home in posh localities of Delhi like Vasant Kunj and Golf Links will have to pay over Rs 1.5 lakh less per square metre of land as the government slashed circle rates by 20% for properties across all categories of areas in the city on Friday.
The Delhi Cabinet, which met under the chairmanship of chief minister Arvind Kejriwal, decided to reduce circle rates of properties in residential, commercial and industrial categories in the city by 20% for six months.
Delhi property circle rate cut: How much will real estate prices reduce and other questions answered
All that you need to know about the Delhi government’s decision to reduce circle rates in the National Capital across categories residential, commercial and retail for six months.
The Delhi government on February 5 decided to slash circle rates for residential, commercial and industrial properties in Delhi by 20 percent flat until September 30, 2021.
The Delhi government has decided to reduce circle rates in the capital across categories residential, commercial and retail for six months as part of its efforts to provide relief to the real estate sector reeling under the impact of COVID-19 pandemic.