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Delhi to Overhaul Real Estate Rules With Circle Rate Revisions, Residential Green Building Incentives

A new committee will align circle rates with market realities to strengthen transparency, enhance efficiency, promote sustainable development in Delhi’s real estate sector.

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Photo: SNS
Chief minister Rekha Gupta. (HT Photo)

Overview

  • Chief Minister Rekha Gupta has empowered a divisional commissioner-led panel to reassess circle rates with a detailed market-based report due shortly.
  • The government-industry task force has delivered a 10-point plan recommending a single-window clearance system, unified development norms, time-bound project approvals.
  • All civic bodies have been instructed to improve infrastructure in unauthorized colonies; the DDA and urban development department will prepare reports on ownership rights and property registration.
  • Officials plan to promote slum redevelopment through public-private partnerships allowing commercial activity to finance upgrades.
  • The Green Building Policy will be broadened to cover residential plots, offering incentives for environmentally sustainable home construction.