In the Delhi NCR region, official circle rates for real estate are around ₹1.5 lakh per square yard, while actual market prices often exceed ₹5 lakh. This discrepancy allows for capital gains avoidance and discreet wealth movement.
Real EstateBlack MoneyDelhi NcrProperty InvestmentWealth ManagementReal EstateMay 18, 2025
Official circle rates are the minimum values at which property transactions are recorded for tax and legal purposes. In Delhi NCR, these rates are around ₹1.5 lakh per square yard.
Real market prices often exceed official circle rates due to the built-in margin that allows for capital gains avoidance and discreet money movement, creating a significant discrepancy between declared and actual values.
Wealthy families buy land early, hold it for 8–10 years, lease or redevelop it for 2–4 times the initial investment, and then hand it off to heirs with sanitized records, ensuring compounding control and wealth.
Legal measures include Section 50C and 56(2)(x), the Benami Transactions Act, and the Prevention of Money Laundering Act (PMLA), which aim to enforce transparency and traceability in property transactions.
Global players, such as UAE-based NRIs, American high-net-worth individuals, and Singapore family offices, are investing in elite zones, branded residences, and joint ventures in cities like Delhi and Gurgaon.
The Pune Police have filed an FIR against trainee IAS officer Puja Khedkar's parents for allegedly threatening a local farmer in Pune's Mulshi taluka.
Maharashtra Real Estate Appellate Tribunal dismisses homebuyer's application for condonation of 298-day delay in filing appeal
Mumbai-based real estate firm Man Infraconstruction Limited (MICL Group) has received the commencement certificate for a luxury housing project in Vile Parle with an estimated sale potential of over ₹1,200 crore.
Realty firm Godrej Properties has reported a 2% increase in its net debt to Rs 7,572 crore in the second quarter. One of India's leading real estate developers, Godrej Properties is planning to raise Rs 6,000 crore to fund its future projects.
The Enforcement Directorate (ED) has conducted over 110 searches and frozen assets worth Rs 2426.18 crore in the Mahadev Betting Scam. Around 12 people have been arrested in connection with the case so far.
Explore how India's real estate market is gaining traction as Singapore-based CapitaLand redirects its investments from China. Download the Mint News App for daily updates on market trends and business news.