Delhi's circle rate revision plan revisited due to concerns

28 Aug 2023 CW Team

The Delhi government's initiative to revise circle rates for residential and commercial zones is undergoing reevaluation. A previous proposal, aiming to introduce sub-categories with multiple circle rate slabs, was returned by the finance department with suggestions and objections.

To address the gap between current circle rates and market property values, a potential increase of up to 35% is being considered. Moreover, the government is open to adjusting certain colonies' categories based on location, facilities, and market rate feedback.

Circle rates, which establish the minimum property valuation rates, were last raised for residential areas across categories in 2014. While rates for agricultural land were increased this month, going from Rs 5.3 million per acre in 2008 to Rs 20 million to Rs 50 milliondepending on location.

Despite forming committees and working groups since 2016 to propose rate revisions, no definitive decision was reached. The importance of updating circle rates to match market rates was highlighted by former Deputy CM Manish Sisodia in 2022, aiming to boost government revenue. However, a polished final proposal remains pending.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..