The Delhi Government on Thursday said that it has decided to maintain the reduced circle rate of 20 per cent for residential, commercial, industrial and other uses till June 30, 2022.
Revenue Minister Kailash Gahlot said that the decision will help the long term recovery of the real estate. “We assure all Delhiites that we will continue to stand with our people in times of need,” he added.
Gahlot tweeted "The 20% reduction in circle rates for all categories announced by Delhi Government will continue till 30th June 2022. Under Chief Minister Shri Arvind Kejriwal's guidance, we assure all Delhiites that we will continue to stand with our people in times of need."He added the third wave of Covid is approaching and we are taking such steps to reduce financial burden on the common man. This decision is expected to make it substantially cheaper for people to do property transactions and help revive the real estate sector.The Delhi Government had earlier decided to reduce the prevalent circle rates by 20 percentage points with effect from April, 2021 till September 30,2021.
