New Delhi. The Delhi Government has announced to give more relief to the people who want to buy property in Delhi. The 20 per cent rebate given by the government on the circle rates of residential, commercial and industrial and other properties has now been extended for three more months. This facility was only applicable till 30th September, which has now been extended till 31st December, 2021.
In this regard, Delhi’s Revenue Minister Kailash Gahlot has given information through a tweet by attaching a copy of the order. Let us inform that the policy of reduction of 20 percent in the circle rate was implemented by the Delhi government in the month of February last.
read this also : Delhi’s circle rate can get 20 percent discount for three more months, buying houses and shops will be cheaper
Delhi Chief Minister Arvind Kejriwal has also expressed happiness over this decision and said that the discount of 20 percent in the circle rate will continue. In this time of epidemic, people of Delhi will not be allowed to face any problem. Will stand with the people of Delhi on every front and every step.
Revenue Minister Kailash Gahlot has also expressed happiness while giving information on this. He has said that the city is slowly recovering from the aftermath of COVID. At such a time, this is another good news for the people of Delhi. We have extended the reduction of 20 per cent in circle rates till 31st December 21st. The Delhi government will support the public at all times in times of need.
This notification has been issued by Delhi’s Principal Secretary-cum-Divisional Commissioner Sanjeev Khirwar. In the notification issued on September 30, orders have been given to continue the discount of 20 percent circle rate on property purchase for a further three months. If official sources are to be believed, the Delhi government extended this facility for the next three months due to the loss in revenue and relief to the people during the Corona epidemic.
This decision will be of great benefit to the people who are interested in buying the property. Along with this, the slowdown in real estate is expected to get some bounce. Due to the Corona epidemic, there has been a severe recession in the real estate as well. There is a strong possibility of giving a boost to this sector with this decision. After this decision, people will be encouraged to invest in immovable property. At the same time, the stability in real estate will be removed and more people will be encouraged to buy and sell. A reduction of 20 per cent in circle rate will have an impact of 1 per cent in stamp duty and registration fee.
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Orignally published at Tailored Stash
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