Gurugram to see 10-30% increase in circle rates from Dec 1, property registration may become expensive
Hindustan TimesBuyers will have to pay more for registration of property in Gurugram starting December 1 following the district administration’s decision to hike circle rates by 10% to 30%. Deputy Commissioner Ajay Kumar, who announced the new rates on November 29, was quoted as saying that the new collector rates, also called circle rates, being implemented for residential, agricultural, and commercial land in the district have been increased by 10% to 30%, taking into account the market rate prevailing in respective areas. Will increase in circle rates impact Gurugram real estate market? "Gurugram’s real estate sector, which continues to thrive on strong fundamentals such as high demand, rapid infrastructure development, and rising incomes,” said Pradeep Aggarwal, founder & Chairman, Signature Global Ltd. "Prime areas like Dwarka Expressway, and Southern Peripheral Road are poised to maintain robust demand due to limited supply and sustained investor confidence.
History of this topic
Buying a property in Gurugram, Faridabad gets expensive after circle rate hike
India Today
Ghaziabad notifies new hiked circle rates, residential properties costlier by 10-20%
Hindustan Times
49 objections received on proposal to hike circle rates in Ghaziabad
Hindustan Times
Ghaziabad administration proposes 10-20% hike in residential circle rates
Hindustan Times
Buying property in Gurugram gets costlier as circle rates hiked
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