Gurgaon's South City 1 Tops Haryana's Real Estate Market with Rs 90,000 per Square Yard

Gurgaon’s South City 1 is now the most expensive locality in Haryana with the introduction of revised collector rates in the state beginning Friday. For a square yard in the locality, residents will now have to shell out Rs 90,000 (Rs 1.07 lakh per square metre), up from the earlier Rs 82,000. This is the second hike in collector rates in the state in eight months. The rates were last revised with effect from December 1, 2024.

The hike in collector rates ranges from 10% to 50% in both urban and rural areas. While dealers claim that the increase in circle rates may stall the real estate market in the state, a revenue official said that the new collector rates are the result of a well-thought-out process, leaving little room for changes.

Apart from South City 1 in Gurgaon, Nirvana Country has also seen a substantial increase. From the earlier Rs 70,000 per square yard, collector rates have now gone up by Rs 10,000 per square yard. The Millennium City’s Sector 42, which includes luxury developments such as DLF Camellias and properties along Golf Course Road, now has a collector rate of Rs 79,970 per square yard, up from Rs 72,700 per square yard.

In DLF Phase II, the circle rate is now Rs 72,000 per square yard, and in DLF Phase III, one has to pay Rs 66,000 per square yard. Developments near the Southern Peripheral Road and Dwarka Expressway, which continue to see expanding infrastructure, seem to still be in an affordable ambit.

With a per square yard collector rate of Rs 2,830, Sector 95A remains the least expensive in Gurgaon. Licensed colonies in Sectors 68 to 71 are close behind, with an increased circle rate of Rs 4,800 per square yard. For Sectors 76 to 80, the rate has been set at Rs 5,000 per square yard. It is followed closely by licensed plots in Sectors 91 and 92, where the rate has been marked at Rs 5,600 per square yard.

Sectors 81 to 84 now have a circle rate of Rs 6,000 per square yard. In Panchkula, Mansa Devi Complex’s Sectors 4, 5, and 6 are the most expensive residential areas, with circle rates now touching Rs 99,000 per square metre, up from the earlier Rs 66,000.