Business
Delhi weighs raising farm land circle rates to ₹5 crore
The Hindu BusinessLine·
Delhi may revise circle rates unchanged since 2008, with proposals up to Rs 5 crore per acre, The Hindu BusinessLine reported. Current rates are Rs 53 lakh per acre, or Rs 17.6 lakh in floodplains. South and New Delhi could see Rs 5 crore per acre under plans discussed with the Union Housing Ministry after an October 1, 2025 notice.
Prism
What It Means For You
- North, West and North-West districts could see Rs 3 crore per acre under the proposals.
- Shahdara, North-East and East districts face a proposed Rs 2.2 crore per acre rate.
- The revision would align official valuations with market prices for land transactions, sources said.
What's Happening
- A committee formed in July 2026 examined gaps in the existing valuation framework.
- South-West district proposed Rs 3.5 crore per acre while South-East recommended Rs 3 crore.
- Past transactions showed South Delhi market rates from Rs 1.5 crore to Rs 10 crore per acre, sources said.
Master Plan Delhi-2047 Link
- The exercise could affect property development and urban expansion under Master Plan Delhi-2047.
- New Delhi district market rates reportedly range from Rs 1.5 crore to Rs 18 crore per acre.
- Centre and Delhi government officials discussed the proposed rates in a recent ministry meeting.
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