Ggm property prices to rise as circle rates increase by 10-30%

GURUGRAM: Property buyers in Gurugram face steep price hikes as the district administration announces a revision in circle rates, effective from December 1, 2024, until March 31, 2025.

This increase, ranging from 10-30 per cent, is expected to drive up property costs in both established and emerging areas of one of India's priciest real estate markets.

The updated rates were finalised in a meeting led by Deputy Commissioner Ajay Kumar, following extensive discussions with sub-divisional officers and revenue department officials. "Key areas with high market values have warranted a 30 per cent increase in circle rates," Kumar explained.

He added that the adjustments were based on comprehensive market research conducted by a district-level committee.