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 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..