Circle rates in Delhi hiked, home prices to zoom - NewsX

Property prices in the capital are set to zoom further. The Delhi government has hiked the circle rates - that's the minimum valuation at which properties have to be registered with the government. It means that properties in respective areas of the capital cannot be bought at a price lower, than what the government has set. The reason given by the government is that its an effort to cut the black money component in property transactions.

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