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Delhi's big-ticket property deals come to standstill

Delhi's big-ticket property transactions are affected as the Land and Development Office (L&DO) delays the conversion of leasehold properties into freehold. Around 100 such transactions are on hold, causing distress to industry stakeholders. Elderly, widows, and ailing senior citizens are suffering the most. The government is also facing revenue loss due to halted property transactions and loss of freehold conversion charges and stamp duty payments. The involvement of multiple authorities is affecting Delhi's high-value property market.

Delhi , India , Amit-goyal , Development-office , Lutyen-delhi , Delhi-real-estate , Delhi-properties , Delhi-houses , Delhi-flats , Delhi-ncr-real-estate , Delhi-high-price-properties , Delhi-real-estate-market

Tony properties sell like hotcakes: What's driving the uber luxury real estate?

A luxury apartment in Mumbai has been sold for Rs 130.24 crore, reflecting the recent surge in the city's high-end residential market. The buyer, Asha Mukul Agarwal, also purchased two apartments for over Rs 132.75 crore. Mumbai has been witnessing record-setting transactions in its real estate market, with celebrities and high-net-worth individuals making significant purchases. Sales of luxury homes in Mumbai costing Rs 10 crore and above rose nearly 50% in the first half of 2023. The market is expected to continue to thrive due to the growing wealth in India and the city's rising number of millionaires.

Mumbai , Maharashtra , India , Bandra , Gurgaon , Haryana , New-zealand , Taparia , Chhattisgarh , Delhi , Bengaluru , Karnataka

Luxury bungalow in Delhi up for sale at Rs 135 crore: 'Iranian embassy on one end, Agrasen's Baoli on other'

The Hailey Road bungalow, fit for UHNIs, is designed by renowned architect Abhimanyu Dalal and boasts minimalist interiors and a spacious layout, complete with accent colours.

Bengaluru , Karnataka , India , Mumbai , Maharashtra , Iran , Pune , Delhi , Connaught-place , Chennai , Tamil-nadu , Hyderabad

Delhi govt reduces present circle rates by up to 20% for next 6 months

Delhi govt reduces present circle rates by up to 20% for next 6 months
Delhi government reduces current circle rates related to residential, commercial and industrial properties by 20%.
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In major financial relief to residents of Delhi, the Arvind Kejriwal government has decided to reduce the current circle rates related to residential, commercial and industrial properties by a flat 20% across all categories of colonies and areas in the national capital.
This will be applicable till 30 September this year. The decision was taken in the Delhi Council of Ministers meet today, which was chaired by Chief Minister Arvind Kejriwal.

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