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.
Emami Realty has reported a consolidated net loss of Rs 70.38 crore in the quarter ended March
The real estate sector is expecting policy reforms and a push for affordable housing from the new government, following the landslide victory of the National Democratic Alliance (NDA) in the 2024 Lok Sabha elections.
India's foreign exchange reserves witnessed a decline of $2.92 billion, reaching $652.8 billion as of June 14, according to the Reserve Bank of India's latest report.
Godrej Properties buys land parcel in Raigad to capitalize on growing interest in residential plotted developments near Mumbai.
The Pune Municipal Corporation (PCMC) has recently implemented strict noise pollution rules, prohibiting any construction activities after 10 PM. This decision comes after extensive feedback from citizens and discussions with CREDAI (Confederation of Real
Pune's office leasing market witnessed a significant boost in the first quarter of 2025, recording over 1.3 million square feet of leasing activity. This growth marks a substantial year-on-year increase, with major contributions from sectors like IT, BFSI, and manufacturing. Pune continues to attract investors and businesses, solidifying its position as a key player in India's real estate landscape.