Gurgaon Property Rates: Get ready to pay higher prices as govt plans up to 145% hike in circle rates
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Proposal aims to align circle rates with current market prices
New sectors and villages to see higher hikes
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Previous rate hikes
Mixed views from industry and homebuyers
Property prices in Gurgaon may rise further as the district administration has proposed a major increase in circle rates, the government-set minimum value for property transactions. Rates could go up by 8-77% in residential areas and as much as 145% for agricultural land, if the Haryana government approves the plan, a TOI report stated.The revised rates aim to bring government-assessed property values closer to actual market rates. Currently, there is a wide gap between the two, especially in premium housing societies along Golf Course Road.Circle rates in upscale localities like DLF phases I-V, South City, Suncity, Sushant Lok and Golf Course Road may increase between 10-20%. For flats in high-end condominiums such as DLF Aralias, The Magnolias and The Camellias, the circle rate may rise from Rs 35,750 per sq ft to Rs 39,325 per sq ft — a 10% hike.A realtor operating in the area, Yash Handa, said, 'Circle rates should be increased as per market increase. While group housing societies like Aralias, Magnolias and Camellias range above Rs 55,000, their circle rates are 30% to 60% lower. Even at The Crest luxury apartments, the circle rate of Rs 18,866 per sqft after revision is a lot less than Rs 50,000/sqft market rate.'Properties in new sectors along the Dwarka Expressway may see a 62% hike in circle rates. For example, rates for residential plots could rise from Rs 40,000 to Rs 65,000 per square yard.In Gurgaon Gaon, the highest proposed jump for residential plots is 77%, from Rs 25,300 to Rs 45,000 per square yard.Agricultural land may face the steepest increases. In Bajghera, the proposal suggests a 145% hike from Rs 2 crore to Rs 5 crore per acre. Sirhaul could see a 108% jump, from Rs 2.39 crore to Rs 5 crore per acre.The public can file objections to the proposal until July 31. If approved by the state government, the revised rates are expected to be implemented within a month.Circle rates were last revised in December 2024, when they were increased by 10-30%. In March 2025, the Haryana government had rejected an earlier proposal by the revenue department to hike rates in Gurgaon. At the time, real estate groups had welcomed the decision, saying it was meant to 'boost buyer confidence' and promote 'broader participation' from homebuyers.Ankit Kansal, managing director of 360 Realtors, said the proposed hike may not be well-timed. 'Authorities should relook into the issue. The decision to revise circle rates by around 10-77% can result in a further increase in market rates. Already, property prices are soaring. Many parts of Gurgaon have become out of reach for middle-income buyers. An average 2BHK in the city starts at Rs 2-3 crore. Any further hike will lead to spiraling of costs,' said Kansal.Nitin Mishra, an IT professional in Gurgaon, said, 'Continuous rise in property rates will make Gurgaon unaffordable and it will also impact the industry and overall economy of the city.'Mohit Gawri, vice-president (sales) at RISE Infraventures, said aligning circle rates with market values is important for transparency, but added that the proposed hike 'may be too aggressive'.(Based on TOI article)
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