Delhi govt cuts real estate circle rates

09 Feb 2021 CW Staff

A cabinet chaired by Chief Minister Arvind Kejriwal finalised the decision.

Officials said that circle rates related to commercial, residential, and industrial properties in Delhi have been reduced by a flat 20% across all categories of colonies and areas till 30 September 2021.

Industry experts welcomed the decision, saying that the reduction by 20% will motivate the fence-sitter buyers to make quick decisions. Real estate experts said that the decision might also lead to revved up property transactions, especially in Grade A micro-markets, where there is a mismatch in circle rate and market rate.

Make in Steel 2021

24 February

Click for event info

4th Indian Cement Review Conference 2021

17-18 March

Click for event info

Higher circle rates are generally assigned to commercial properties by the government and lower rates for residential properties. The type of property also affects the circle rates. The registration value of apartments in Delhi are different from those of plots and independent houses even within the same area.

Delhi has witnessed one of the biggest increases in real estate demand in the country. As we reported, sales went up 43% from Q3 to Q4 FY2020 following, among other seasonal factors, incentives and new launches.

Leading up the Union Budget 2021-22 announcements on February 1, the real estate industry and related associations had sought several steps to reduce the burden on both the industry and the consumer. Real estate, buoyed by a surprising spurt among both domestic and international consumers during the pandemic months, has proved to be a beacon of hope for the overall economy to emerge healthier out of the Covid-19 shadows.

The real estate industry has used that sectoral leadership to ask for further measures to see the industry through. In January, NAREDCO had asked for more stress funds to help tide over the crisis. As per a study by Anarock Property Consultants, affordable housing already accounts for more than 35% of the supply across the top seven cities in the country.

Image: Reduction of circle rates by 20% comes in the already buoyant real estate demand in the National Capital Region.

Also read: DDA’s new housing scheme flooded with aspirant buyers

Also read: Will Budget 2021-22 deliver the goods for real estate?

Also read: Budget expectations in real estate sector

In a major relief for homebuyers and a big boost for the real estate industry, the Delhi government has decided to slash circle rates for commercial, residential and industrial properties in Delhi by a flat 20% until the end of September 2021. A cabinet chaired by Chief Minister Arvind Kejriwal finalised the decision. Officials said that circle rates related to commercial, residential, and industrial properties in Delhi have been reduced by a flat 20% across all categories of colonies and areas till 30 September 2021. Industry experts welcomed the decision, saying that the reduction by 20% will motivate the fence-sitter buyers to make quick decisions. Real estate experts said that the decision might also lead to revved up property transactions, especially in Grade A micro-markets, where there is a mismatch in circle rate and market rate. Make in Steel 202124 February Click for event info4th Indian Cement Review Conference 202117-18 March Click for event infoHigher circle rates are generally assigned to commercial properties by the government and lower rates for residential properties. The type of property also affects the circle rates. The registration value of apartments in Delhi are different from those of plots and independent houses even within the same area. Delhi has witnessed one of the biggest increases in real estate demand in the country. As we reported, sales went up 43% from Q3 to Q4 FY2020 following, among other seasonal factors, incentives and new launches. Leading up the Union Budget 2021-22 announcements on February 1, the real estate industry and related associations had sought several steps to reduce the burden on both the industry and the consumer. Real estate, buoyed by a surprising spurt among both domestic and international consumers during the pandemic months, has proved to be a beacon of hope for the overall economy to emerge healthier out of the Covid-19 shadows. The real estate industry has used that sectoral leadership to ask for further measures to see the industry through. In January, NAREDCO had asked for more stress funds to help tide over the crisis. As per a study by Anarock Property Consultants, affordable housing already accounts for more than 35% of the supply across the top seven cities in the country.Image: Reduction of circle rates by 20% comes in the already buoyant real estate demand in the National Capital Region. Also read: DDA’s new housing scheme flooded with aspirant buyers Also read: Will Budget 2021-22 deliver the goods for real estate? Also read: Budget expectations in real estate sector

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Infrastructure Urban

22 Oct 2025

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Infrastructure Energy

22 Oct 2025

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..