“Balance Growth with Realism – Smart Rates for Smarter Cities”

Gurugram Proposes Major Circle Rate Hike; Experts Warn of Market Disruption.

The Gurugram administration has proposed a significant hike in circle rates across various localities, with increases ranging from 10% to as high as 77% in some areas. Notable changes include a rise in circle rates in upscale colonies like DLF Magnolias, Aralias, and Carlton, and major jumps in areas like Mayfield Garden and Gurgaon village. Real estate experts caution that while a modest 10–15% hike is manageable, steep increases could impact buyer sentiment, reduce transparency, and disrupt sales momentum. They emphasise that any additional revenue should be invested in infrastructure, especially to tackle recurring monsoon-related flooding. The widening gap between market rates and circle rates has already led to under-reported transactions and reduced transparency. Experts advocate for rational, periodic revisions aligned with market values to ensure fairness and stability. Aligning rates with real-time valuations could improve compliance and benefit both the market and the government.