India, Oct. 30 -- Real estate experts have proposed that the Delhi government introduce a new 'A+' category while revising circle rates in the capital. The category would cover premium areas and farmhouse zones, where property values far exceed those in existing Category A areas, often crossing Rs.12-15 lakh per sq. m in open market transactions.

Experts said such a revision would help bring greater alignment between notified and prevailing market values. They added that creating an A+ category and rationalising rates across categories A-H would modernise Delhi's valuation framework, ensuring fairness, transparency, and improved revenue efficiency.

The Delhi government had sought suggestions on revising the prevailing circle rates in th...