Delhi government to hike circle rates by 30% in posh localities
Real Estate

Delhi government to hike circle rates by 30% in posh localities

The Delhi government has made a report that seeks to increase circle rates of landed properties in some posh localities of the city by 30% and slash it where the costs are high.

The report has been presented to the office of the revenue minister for his consideration. The new costs will come into effect after the approval of the Delhi government. The circle values of properties in Delhi fall in eight types of municipal areas – designated A up to H – depending on the growth of civic infrastructure and prevailing commercial value there.

The circle values or the official rates of land and immovable property were last updated in the city in 2014. The revision in circle rates may lead to a 30% increase in some chosen high end residential commercial areas of the city. It may additionally decrease in certain areas where the values are already very steep.

The update in the circle rates for most of Delhi will, yet, be nominal, he said. The revenue department had created four working groups in June 2021 for demonstrating circle rate revision in residential, commercial and industrial areas. The proposal sent to the minister has been made based on the suggestions of the working group.

The market values of properties in Delhi have gone up in the past few years although the circle rates remain the same since 2014, officials told the media. The Delhi government had decreased the circle rates by 20% for all types of properties in April 2021 to revive the real estate sector in the city. The relaxation was opened via notifications a few times and is valid till June 2022.

Image Source

Also read: Delhi govt launches residential EV charging guidebook

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

The Delhi government has made a report that seeks to increase circle rates of landed properties in some posh localities of the city by 30% and slash it where the costs are high. The report has been presented to the office of the revenue minister for his consideration. The new costs will come into effect after the approval of the Delhi government. The circle values of properties in Delhi fall in eight types of municipal areas – designated A up to H – depending on the growth of civic infrastructure and prevailing commercial value there. The circle values or the official rates of land and immovable property were last updated in the city in 2014. The revision in circle rates may lead to a 30% increase in some chosen high end residential commercial areas of the city. It may additionally decrease in certain areas where the values are already very steep. The update in the circle rates for most of Delhi will, yet, be nominal, he said. The revenue department had created four working groups in June 2021 for demonstrating circle rate revision in residential, commercial and industrial areas. The proposal sent to the minister has been made based on the suggestions of the working group. The market values of properties in Delhi have gone up in the past few years although the circle rates remain the same since 2014, officials told the media. The Delhi government had decreased the circle rates by 20% for all types of properties in April 2021 to revive the real estate sector in the city. The relaxation was opened via notifications a few times and is valid till June 2022. Image Source Also read: Delhi govt launches residential EV charging guidebook

Next Story
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?