DLC rate hike to push up home costs in Rajasthan by over 20%
The Rajasthan government’s hike in the District Level Committee (DLC) rates will increase home costs by over 20%, impacting buyers through higher property prices and stamp duty. Credai-Rajasthan president Ravindra Pratap Singh noted that this could lead to a significant financial burden on common home buyers, potentially forcing them to compromise on property size or delay purchases. The real estate sector anticipates that this move, part of the government's strategy to boost revenue amid financial strain, may dampen demand in the coming months.