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Delhi government cuts circle rates of properties by 20 per cent


Delhi government cuts circle rates of properties by 20 per cent
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The circle rates related to residential, commercial and industrial properties in Delhi have been reduced by flat 20 per cent across all categories of colonies and areas till September 30, 2021, a city government official said.
Boost for real estate: Delhi govt cuts property circle rates by 20% for six months
NEW DELHI: The Delhi government on Friday reduced the circle rate by 20% across property categories for the next six months, a move that real estate experts said would spur demand at a time when the sector is struggling
Industry experts said that in upscale south Delhi areas such as Maharani Bagh, Vasant Vihar, New Friends Colony and Panchsheel Park, the circle rate was higher than the market rate and many sellers were thus unable to slash prices, fearing penalties from the tax authorities. ....

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