Property prices in Gurugram may surge as the administration proposes a sharp increase in circle rates—ranging from 8% to 77% for residential areas and up to 145% for agricultural land. Upscale localities like DLF Phases I–V, South City, Suncity, Sushant Lok, and Golf Course Road could see a 10–20% rise, with luxury flats like DLF Aralias, Magnolias, and Camellias climbing to Rs39,325/sqft from Rs35,750/sqft.
The steepest hike is proposed for Bajghera, where agricultural land may jump from Rs2 crore to Rs5 crore per acre—a 145% increase. Similarly, Sirhaul could see a 108% rise. In Gurgaon Gaon, residential plot rates may rise 77%, from Rs25,300 to Rs45,000 per square yard.
While some experts argue the revision aligns circle rates with market realities, others warn it could dampen demand and make housing unaffordable. Industry voices like Ankit Kansal and Mohit Gawri caution that the timing may be counterproductive, especially amid already high property prices.
Residents and stakeholders were invited to submit objections by July 31, with the new rates potentially taking effect in August pending state approval.
