The cost of purchasing real estate in delhi will shortly increase. It is going to get pricey. Property prices may increase as a result of the delhi government's revision of the current circular rates under the leadership of chief minister Rekha Gupta.
The goal of this action is to raise government revenue.
In delhi, cm Rekha Gupta presided over a high-level meeting. The high-level meeting was attended by cabinet minister Manjinder Singh Sirsa, representatives of the Confederation of indian Industry (CII), the Registrar of Co-operative Societies, the delhi Development Authority (DDA), the delhi Metro rail Corporation (DMRC), and the Municipal Corporation of delhi (MCD).
What was discussed in the meeting?
Officials were instructed by cm Rekha Gupta to establish a committee under the direction of the Divisional Commissioner. The committee will be tasked with reassessing the present circular rates, or the government-set minimum price per square meter for property registration. According to reports, circle rates differ significantly in parts of the city. Studying current market trends and property values is another of its responsibilities.
The committee was directed by cm to deliver a report suggesting updated circle charges. The goal of this measure is to raise government money while standardizing and transparentizing real estate transactions.
By adding uniformity to the regulations, the gathering also aimed to improve the national capital's infrastructure and ease of doing business. Concerns like ownership rights and registration issues were the main topics of discussion when it came to the redevelopment of unapproved colonies. It was requested that the Urban Development Department and the DDA give a thorough report on it.
Additional topics of discussion included:
1. Redevelopment of slums via public-private collaborations
2. Establish a one-window permission clearance mechanism.
3. Recommendations to lower exorbitant amalgamation fees for both commercial and residential plots
4. In addition to commercial buildings, residential areas are now included by the Green Building Policy.
The goal of this action is to raise government revenue.
In delhi, cm Rekha Gupta presided over a high-level meeting. The high-level meeting was attended by cabinet minister Manjinder Singh Sirsa, representatives of the Confederation of indian Industry (CII), the Registrar of Co-operative Societies, the delhi Development Authority (DDA), the delhi Metro rail Corporation (DMRC), and the Municipal Corporation of delhi (MCD).
What was discussed in the meeting?
Officials were instructed by cm Rekha Gupta to establish a committee under the direction of the Divisional Commissioner. The committee will be tasked with reassessing the present circular rates, or the government-set minimum price per square meter for property registration. According to reports, circle rates differ significantly in parts of the city. Studying current market trends and property values is another of its responsibilities.
The committee was directed by cm to deliver a report suggesting updated circle charges. The goal of this measure is to raise government money while standardizing and transparentizing real estate transactions.
By adding uniformity to the regulations, the gathering also aimed to improve the national capital's infrastructure and ease of doing business. Concerns like ownership rights and registration issues were the main topics of discussion when it came to the redevelopment of unapproved colonies. It was requested that the Urban Development Department and the DDA give a thorough report on it.
Additional topics of discussion included:
1. Redevelopment of slums via public-private collaborations
2. Establish a one-window permission clearance mechanism.
3. Recommendations to lower exorbitant amalgamation fees for both commercial and residential plots
4. In addition to commercial buildings, residential areas are now included by the Green Building Policy.
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