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Magicbricks.com moderator says: The district administration of Gurgaon has decided to revise its circle rates. The rates are expected to be doubled since the present circle rate is almost one-fourth of the market rate. This step is being taken with an intention to curb under-valuation of residential and commercial properties.
Though the district administration plans to increase the circle rates by almost 50% to bring it to par with the present market rates, there are those who feel this attempt may still not be able to restrict black money in real estate. As one property dealer points out that, “the property rate per square yard for DLF-I was increased to Rs.15,000 from Rs.12,000 per/sq yard last year and though it’s good to have the circle rate at par with the market price, we know how impossible it is to curb black money transations.”
Do you think it is really impossible to restrict black money transaction even when the circle rates are increased by 50%? What kind of an impact will this have on demand for property in Gurgaon? Tell us about your views and comments on this proposed hike in circle rates.
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http://www.onlineghar.com/
Posted by: Property dealer | May 20, 2009 at 10:34 AM
all DLF new town heights property owners are requested to join yahoo group dlfnth and stay in touch with each other
Posted by: ankur malik | February 17, 2009 at 03:06 PM
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Posted by: Bobby Churchill | July 19, 2008 at 02:17 PM
This certainly won't curb the practice of injecting black money into the real estate market. The fact being that there are hundreds of crores of black money waiting to be converted to white. A 100% increase won't deter this, neither will a 100% increase. What has to be done is to increase the transparency of sale of land and strict implementation of laws governing purchase and sale of real estate.
Posted by: Developers India | July 16, 2008 at 03:35 PM
Is their any source to gather information on no. of units of flats constructed in each city of India per year ?
Posted by: PINAKIN AJMERA | July 14, 2008 at 04:42 PM
Hopeless
I can't believe that normal property prices in India are USD$70000
and salary is about USD$2400 only
pity on poor people
and also the system
Posted by: Pardeep | August 02, 2007 at 06:21 PM
The best way to crub black amount component in the buy sell of properties is to involve government department which will auction every property either on website or at the department or a weekly news letter to subscribers,as done by registrar of marriage this will spell the right price in which it is sold or purchased.The owner should not have right to identifiy an individual or company he wishes to sell, he can only fix the sale price. and the taxation can be assessed accordindly
In turn the government should charge a meager Re 1/- per deal.
Posted by: Venu | July 24, 2007 at 08:31 PM
If a man comes to your front door and says he is conducting a survey And asks you to show him your bum, do not show him your bum. This is a scam. He only wants to see your bum. I wish I had got this yesterday. I feel so stupid and cheap. -The Bum http://www.widgetmate.com
Posted by: Morris Young | July 12, 2007 at 03:06 PM