Real estate prices to go up?

Real estate prices in the Capital may go up further with Delhi Cabinet likely to give its nod today to enhance circle rates by up to 200 per cent for sale and purchase of property to improve the health of state exchequer and mitigate "flow of black money" in such transactions.

The government had hiked the circle rates in February this year by over 100 per cent. Top officials in the revenue department said government wants to hike the rates as in most cases, actual rates of properties are not shown on paper due to which the government suffers loss in revenue in stamp duty and registration fees.

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