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I'm a Delhiite and my parents have bought-sold multiple properties over there lifetime so i knw this in-out. Want evidence - go to any place in Delhi, chk its MCD circle rate per sq. meter, and, then ask the dealer about ongoing land rate. In case, u haven't dealt in Delhi ever, u will get lifetime shock. Few examples - 1. Circle Rate in S and T-Block, Parampuri, Uttam Nagar (a lower middle and low class area) is 32k psm approx. And real rate is around 90-100k psf. 2. Circle Rate of Shalimar Bagh (a middle and upper class locale) is 44k psm (this was in Feb 11, i think they revised it later). Whereas actuall on ground is 3 lacs psf (this is also Feb 11 rate). However, rate highly depends on location. :bab (34):" ["moderated"]=> NULL ["pagetextimages"]=> NULL ["pagetext"]=> NULL ["htmlstate"]=> string(3) "off" ["allowsmilie"]=> string(1) "0" ["showsignature"]=> string(1) "0" ["attach"]=> array(0) { } ["infraction"]=> string(1) "0" ["reportnodeid"]=> string(1) "0" ["iconpath"]=> NULL ["channelroute"]=> string(2) "92" ["channeltitle"]=> string(16) "Pune Real Estate" ["channelid"]=> string(2) "30" ["starterroute"]=> string(2) "93" ["startertitle"]=> string(47) "Builders & RE Bulls Theory Proved Right !!!" 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Originally posted by kumarm77
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A Gurgaon-based real estate intermediary, who did not wish to be identified, however, said as high as 70% of such deals were paid in `black' or cash.
This single line sums up everything. I'm a Delhiite and my parents have bought-sold multiple properties over there lifetime so i knw this in-out.
Want evidence - go to any place in Delhi, chk its MCD circle rate per sq. meter, and, then ask the dealer about ongoing land rate. In case, u haven't dealt in Delhi ever, u will get lifetime shock.
Few examples -
1. Circle Rate in S and T-Block, Parampuri, Uttam Nagar (a lower middle and low class area) is 32k psm approx. And real rate is around 90-100k psf.
2. Circle Rate of Shalimar Bagh (a middle and upper class locale) is 44k psm (this was in Feb 11, i think they revised it later). Whereas actuall on ground is 3 lacs psf (this is also Feb 11 rate).
However, rate highly depends on location.

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