With NCR’s pollution levels soaring, interest in second homes in hill stations like Dehradun, Kasauli, Rishikesh, Nainital, and Shimla has skyrocketed. Queries for these scenic getaways have more than doubled, as middle-class buyers from NCR seek budget-friendly escapes within driving distance.

Learn all about the circle rates in Himachal Pradesh, how they are calculated, and the key factors that influence them, such as location, size, and area of the property. Find out circle rates for Shimla, Manali, Kangra, and other regions.

From January 2022 to October 2023, Indian real estate developers bought 3,294 acres of property, 44.4% of which was in Tier 2 and 3 cities.

Every state collects the stamp duty charges every time the property is transferred from one person to another. Stamp duties are imposed on an area or transaction value that is higher at the current circular rate.