Circle rates to be announced shortly & shall add Rs 400cr to coffers-Buy property in
As per an article appeared in today’s newspaper (17.04.2007) the government is very shortly going to fix the circle/floor rates of lands in Delhi & NCR depending upon their categories .These circle rates ,while on one side will add to government’s coffers ,the other side it will go a long way in maintaining transparency in property transaction ,it was announced by the finance minister while presenting the budget . After exercising transparency people will surely be attracted to buy property in India.
This is, however, a matter of great interest for NRIs as well as domestic buyers that all transactions while buying property in India shall be transparent and black money transaction will be avoided to a greater extent . Consequently builders / developers and property dealers shall be able to convince domestic and foreign buyers to buy property in India /Delhi/NCR on fair terms and transparency.
No comments:
Post a Comment