AAP, Cong slam govt for hiking property circle rates
The Delhi government had announced revision in circle rates citing prevailing high market rates at which property transactions are done
Sep 24, 2014
Source : The Times of India
Delhi Government


NEW DELHI: The AAP and the Congress slammed the Delhi government's decision to increase property circle rates by 20% and demanded its rollback on Tuesday.

While AAP questioned the timing of the decision, the Congress said that BJP-controlled Delhi government was "scheming" against poor and middle-class people.

Headed by LG Jung, the Delhi government had announced revision in circle rates citing prevailing high market rates at which property transactions are done.

"The LG and revenue department need to tell people the reason behind such a steep hike in circle rates at this time, when the DDA has announced its housing scheme of 25,000 flats," AAP's statement said. "Won't this decision burden new flat buyers? On what basis have the market rates been fixed ? Isn't the Delhi administration giving rise to speculative property prices, which will only end up burdening the common man ?" it added.

Besides criticising the BJP, the Congress said that it was AAP which initiated hiking of circle rates which has been been implemented. "This decision would not boost the revenue collection of the government, but this decision will prevent poor peoplefrom owning a house," Delhi Congress president Arvinder Singh Lovely said.

Latest Realty News

Real estate sector set to gain after licensing made mandatory for all brokers
Sep 24, 2014
The onset of the new Real Estate Regulatory bill has created a stir among the customers, developers and brokers as it seeks to bring forth phenomenal changes in the real estate sector
Land hurdle for BMC office
Sep 24, 2014
The municipal corporation’s plan to build a multi-storeyed office complex at Madhusudan Nagar has hit a hurdle with the office of the accountant general (AG) claiming that the 1.95 acre land had earlier been allotted to them
Buyers cry foul as promoter plots close to HT lines unusable
Sep 24, 2014
Buyers of plots at Vatika India Next project in Sector 83 alleged the developer is promoting the project on the basis of an outdated layout plan
Sector 86 building on green belt, sealed
Sep 24, 2014
Future of hundreds of homebuyers in Sector 86 hangs in the balance after Noida Authority and UP police sealed an under-construction 14-storey building
Land pooling only way out
Sep 24, 2014
Weeks after declaring that Vijayawada will be the new capital of Andhra Pradesh, the TDP government said the state has only 4,000 acres of land in the proposed capital area
Next housing boom to happen in Narela
Sep 24, 2014
Narela could be the next major housing hub in the capital with DDA focusing its resources on developing over 20,000 flats here over the next 2-3 years
Another land regularisation window in Punjab
Sep 24, 2014
The Punjab cabinet has approved a new one-year policy for the regularisation of unauthorised colonies, plots and buildings across the state
Cisco unveils 'Smart City' model for a digital India
Sep 24, 2014
Looking to cash in on the $ 600 billion Digital India initiative, global tech giant Cisco unveiled a "smart city" model
Lodha Group eyes Rs 9,000 crore revenue on rising demand of luxury houses
Sep 24, 2014
Riding high on growing demand for its high-end luxury residential offerings, city-based Lodha Group is expecting nearly Rs 9,000 crore revenues this fiscal
Hike in circle rates in Delhi to hit housing demand
Sep 24, 2014
Increase in circle rates by up to 20 per cent in the national capital could further dampen investor sentiment and affect housing market, according to global property consultants

Latest Realty News Of State

Realty Talk's