Delhi Govt Reduces Home Loan Interest Rate to 6.75% & Circle Rates by 20%
The Delhi government has disbursed Rs 3.17 crore to 487 construction workers under various welfare schemes. Manish Sisodia, Deputy Chief Minister and Labour Minister, handed over the cheques.
The Delhi Government has cut circle rates by 20% across all property categories for six months to stimulate the struggling real estate market post-pandemic.
Delhi government restricts property transactions to registered deeds only, banning General Power of Attorney (GPA) sales based on a Supreme Court order.
Delhi Municipal Corporation plans to increase property tax rates following the Delhi government's circle rate hike. Experts predict a potential 2:1 ratio of impact, implying a 100% property tax increase for a 200% circle rate rise. However, the tax revision might be less substantial in areas with smaller circle rate increases.
Delhi Govt cracks down on illegal constructions, targets unauthorized colonies and vows to punish both guilty parties and negligent officials.
Fifteen prominent infrastructure and real estate firms express interest in the Delhi proposed Multimodal Transport Hub at ISBT, aiming for operational readiness by the Commonwealth Games.