{"id":29656,"date":"2014-09-24T11:01:24","date_gmt":"2014-09-24T05:31:24","guid":{"rendered":"http:\/\/www.bharatestates.com\/blog\/?p=29656"},"modified":"2020-06-15T03:10:59","modified_gmt":"2020-06-14T21:40:59","slug":"29656-raise-in-circle-rate-may-affect-housing-demand-in-national-capital","status":"publish","type":"post","link":"https:\/\/www.bharatestates.com\/blog\/29656-raise-in-circle-rate-may-affect-housing-demand-in-national-capital\/","title":{"rendered":"Raise in Circle Rate May Affect Housing Demand in National Capital"},"content":{"rendered":"

\"circle-rates\"<\/a>New Delhi:\u00a0<\/strong> According to the global consultants, hike in circle rates may affect housing sentiments in national capital, Delhi.\u00a0 Circle rates have been recently increased by 20%, which is the minimum valuation for registering the properties.\u00a0 The main aim for increase in circle rates is to identify black money factor in the sales and purchase deal.According to the sources, this drive may have severe affect on home buying sentiment in the national capital.\u00a0 The real estate market is already sluggish and the hike in circle rate may probably affect the market more.\u00a0 This notice just before the festive season may further cut back the homebuyer sentiment.Circle rates has been increased from Rs. 6.45 lakh per sq m to Rs. 7.74 lakh in \u2018A category\u2019 housing colonies like Gulmohar Park, Defence Colony, Greater Kailash, Anandlok, Green Park, Panchsheel Enclave, Hauz Khas and Golf Links.\u00a0 The land rates in \u2018B category\u2019 have been increased from Rs. 2, 04,600 per sq m to Rs 2, 45,520 which includes residential localities like Nehru Enclave, Andrews Ganj, Munirka Vihar and Kalkaji.The associate director (research) of JLL India said that the announcement of rise in circle rates would affect the secondary real estate market of Delhi which is already witnessing a downtrend.\u00a0 However it is a good decision to bring circle rates in level with the present market rate. He further said that it will also bring transparency in property sales by curbing down the black money in real estate sector.South Delhi is already witnessing a decline in residential sector. As the cost of apartments is expected to increase, homebuyers would have to shell out more money. Real estate developers are facing the liquidity crunch due to slowdown in property demand.\u0437\u0430\u0439\u043c \u043d\u0430 \u043a\u0430\u0440\u0442\u0443 \u0431\u0435\u0437 \u043e\u0442\u043a\u0430\u0437\u043e\u0432 \u043a\u0440\u0443\u0433\u043b\u043e\u0441\u0443\u0442\u043e\u0447\u043d\u043e<\/a>\u0432\u0437\u044f\u0442\u044c \u043a\u0440\u0435\u0434\u0438\u0442 \u043e\u043d\u043b\u0430\u0439\u043d<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

New Delhi:\u00a0 According to the global consultants, hike in circle rates may affect housing sentiments in national capital, Delhi.\u00a0 Circle rates have been recently increased by 20%, which is the minimum valuation for registering the properties.\u00a0 The main aim for increase in circle rates is to identify black money factor in the sales and purchase […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-29656","post","type-post","status-publish","format-standard","hentry","category-realty-news"],"blocksy_meta":[],"yoast_head":"\nRaise in Circle Rate May Affect Housing Demand in National Capital -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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