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The north zone emerged at the top with 42 percent of registrations in April 2023 while the share of south Kolkata shrunk by 12 percent.
If the hike is drastic, more than 70 percent of Bengaluru's areas will experience a fall in property market values, experts say, leading to a slowdown in the sector.
Delhi property rates: Experts believe the solution lies in either rationalizing the circle rates or reclassification of colonies as per the prevailing trends and facilities.
The new business model
The Circle Rate of land will be increased which aims to benefit the people who receive very low rates during government land acquisition.