#RealtyNewsRoundup: Delhi HC Allows Registration Of Properties Below Circle Rates
Realty News Roundup is PropGuide's selection of top stories from the real estate sector.
Top News
The Delhi High Court has allowed registration of properties below the circle rates according to a report in The Times of India. The decision could benefit thousands of property buyers and sellers. Circle rate is the base value at which the sale or transfer a residential or a commercial property takes place. Read more
To fund its upcoming sport-centric 175-acre township in Greater Noida, real estate major Supertech will raise Rs 600 crore in form of equity and debt, according to news agency PTI. The company would develop 5,500 apartments and 500 villas in the township 'Sports Village' at about Rs 1,800 crore. Supertech had bought this land from the government's development authority for about Rs 900 crore, said the report. Read more
Off the frontpage
Dabur Group's Chairman Emeritus V C Burman has bought a bungalow in the Golf Links area of Lutyens' Delhi for Rs 160 crore, according to The Economic Times. The bungalow, located on a 1,310 square yard plot, has a total built-up space of about 9,000 square feet and was sold at Rs 12.2 lakh per sq yard. Read more
The Bihar government might turn heritage buildings into hotels. Chief Minister Nitish Kumar has asked the officials to explore this possibility and submit a detailed report in this regard. Read more
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