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Delhi Government

Delhi CM Arvind Kejriwal

Buying property in Delhi Set to be cheaper as Govt Cuts Circle Rate by 20%

On 5th February 2021, the Delhi government at a cabinet meeting decided to slash the circle rate by 20% for residential, commercial, and industrial properties in Delhi for six months as part of efforts to relieve the real estate sector that hit severely by the COVID-19 pandemic. Delhi has roughly eight people from A to […]

Prahalad Singh

Delhi: Registration of unauthorized properties spells relief for lakhs

Bringing a major relief and aid to the people living in illegal colonies across Delhi, Kejriwal-led Aam Aadmi Party government ordered the registration of these properties. There are around 1650 unauthorized colonies in the capital city providing shelter to over 50 lakh residents. The Delhi government ordered the authorities to finish the process of fixing […]

nikunj.j

How will the new government policy impact real estate market in Delhi?

In a major announcement this month, the Delhi government lifted all bans and restrictions imposed by the Revenue Department in 2011 on the sale of leasehold properties. These restrictions were imposed as there were many reports of commercial activities being carried out in leasehold properties in some colonies in the national capital. As a result […]

Residents happy as ban lifted on GPA-based transactions

The Delhi government’€™s move of lifting the ban on property transactions based on General Power of Attorney is likely to provide relief to lakhs of residents, mainly the ones dealing with group housing societies and the newly regularised colonies. ‘Ban’ History Following an order passed out by the Supreme Court on property transactions, the Delhi […]

Delhi Government to regularise extended village abadi areas

A proposal to regularise extension of ‘village abadi’ in 165 villages, under the revised guidelines 2007 related to unauthorised colonies, was tabled before the Cabinet meeting on Monday. The decision is said to be announced on May 15 at a farmer’s rally to be held at Talkatora Stadium in New Delhi. After seeking the Cabinet’s […]

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