Delhi May Raise Agricultural Land Circle Rates After 18 Years
What Happened
The Delhi government is considering its first major revision of agricultural land circle rates since 2008. The current minimum indicative rate is ₹53 lakh per acre, while proposals under review range from ₹2.25 crore to ₹5 crore per acre depending on the district. South Delhi and New Delhi have the highest proposed rate at ₹5 crore per acre.
Key Takeaways
The proposed revision would sharply raise official agricultural land valuations across Delhi, but these rates are still under consideration and have not yet been finally notified.