Average Market Prices of Flats in Major Cities 6-75% Higher than circle Rates
NEW DELHI: The average housing prices quoted by developers across major cities are higher by 6-75 per cent than the government’s circle rates, the value at which stamp duties are paid and properties registered, according to real estate consultant Anarock.
The research data comes at a time when ministers and some corporates have suggested developers, especially those who have high bank debt, to reduce their prices and clear unsold units.
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