Gurgaon Property Rates Set to Soar with Up to 145% Hike in Circle Rates
The Gurgaon district administration has proposed a significant increase in circle rates, which could potentially raise property prices by 8-77% in residential areas and up to 145% for agricultural land. This move aims to align government-assessed values with current market rates.
GurgaonProperty RatesCircle RatesReal EstateMarket ValuesReal Estate NewsJul 31, 2025
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”.
Frequently Asked Questions
What is a circle rate?
A circle rate is the government-set minimum value for property transactions. It is the minimum price at which a property can be registered for legal purposes.
Why is the government proposing to increase circle rates in Gurgaon?
The government is proposing to increase circle rates to align them more closely with current market values, reducing the gap between government-assessed values and actual market rates.
How much could circle rates increase in residential areas?
Circle rates in residential areas could increase by 8-77%, depending on the locality. Upscale areas like DLF phases I-V and South City may see a 10-20% increase.
What is the proposed increase for agricultural land in Gurgaon?
The proposed increase for agricultural land could be as high as 145%, with Bajghera seeing a hike from Rs 2 crore to Rs 5 crore per acre.
When will the new circle rates be implemented if approved?
If approved by the state government, the revised circle rates are expected to be implemented within a month after the public filing period ends on July 31.
Related News Articles
Elevating Civil Aviation: Mohol's Pioneering Role in Pune
Discover how Mohol is driving growth in Pune's civil aviation sector, with insights from Hemant Rasne, former Mayor and BJP leader.
Budget 2024: A Boost to Sustainable Growth in Real Estate
The Union Budget 2024 focuses on MSMEs, employment, skilling, youth, and middle-class, with indirect benefits to the real estate sector through job creation, infrastructure, and urban redevelopment.
Dubai Real Estate Market Sets AED 141.9 Billion Quarterly Sales Record in Q3 2024
Dubai’s real estate market achieved a significant milestone in Q3 2024, with total sales reaching AED 141.9 billion, marking a new all-time high for a single quarter. This achievement surpassed the previous record of AED 124.07 billion set in Q2 2024, ref
Elan Group Gets a Boost with Rs 1200 Crore from Kotak Real Estate Fund
The investment will serve as growth capital, helping Elan Group cement its position in the thriving real estate market of Gurugram. This strategic move is expected to accelerate the company's expansion and development projects in the region.
Delhi-NCR: The Metro City Witnessing a Massive Surge in Housing Prices
The report suggests that the price appreciation in Delhi-NCR is attributed to rising demand for high-end properties. Read more to know the details.
Radisson Resort Khopoli Launches as a Luxurious Getaway Near Mumbai and Pune
Radisson Hotel Group has expanded its footprint in Maharashtra with the opening of Radisson Resort Khopoli, offering a premium retreat for travelers near Mumbai and Pune.