South Delhi’s real estate potential pegged at Rs 5.65 lakh crore
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According to the data, around 18,446 plots are available across the 42 Cat A, B & C colonies in South Delhi whose size ranges from 125 sq. yd. to 1750 sq. yd. at an average price of Rs 6- 15 lakh per square yard.
“South Delhi is predominantly inhabited by the wealthy class comprising businessmen, lawyers and salaried professionals with taste for luxurious floors and villas. As a result, a lot of new developments on vacant plots or redevelopment of old buildings are being undertaken to suit the taste of the neo-rich next-Gen and cater to the needs of the growing families,” said Ankur Jalan, CEO, Golden Growth Fund.
The Municipal Corporation of Delhi (MCD) has divided all colonies of Delhi under eight categories – A, B, C, D, E, F, G & H.
Circle rates, property tax rates and stamp duty charges for property registration are based on these categories.
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