06 Aug 2025

Gurugram’s Real Estate Prices to Surge as Circle Rates See Significant Jump

On August 1, 2025, the Haryana government introduced revised circle rates for residential, commercial, and agricultural properties. The increase in circle rates, which ranges from 10% to 30%, comes just eight months after the last revision in December 2024.

The hike, which affects key zones in Gurugram, is expected to impact the region’s real estate market significantly. While some real estate dealers predict a slowdown in property transactions, government officials assert that the change is the result of a carefully considered process, leaving little room for adjustments.

For instance, in high-demand areas such as South City 1 and Nirvana Country, circle rates have increased by Rs 10,000 per square yard. The previous rate of Rs 70,000 per square yard has now risen to Rs 80,000 per square yard in Nirvana Country. Similarly, Sector 42, home to luxury developments like DLF Camellias and properties along the prestigious Golf Course Road, now sees a rate of Rs 79,970 per square yard, up from Rs 72,700 per square yard.

Other areas like DLF Phase II and Phase III have also seen their circle rates revised. The new rate for DLF Phase II stands at Rs 72,000 per square yard, while DLF Phase III sees a rise to Rs 66,000 per square yard. On the other hand, areas near the Southern Peripheral Road and Dwarka Expressway remain relatively affordable with the lowest rate in Sector 95A at Rs 2,830 per square yard.

Licensed colonies in Sectors 68 to 71 have seen a hike to Rs 4,800 per square yard, while sectors 76 to 80 now have a rate of Rs 5,000 per square yard. Sectors 91 and 92 are slightly higher at Rs 5,600 per square yard, followed by Sectors 81 to 84 at Rs 6,000 per square yard.

Experts believe that the new rates will help bring greater transparency to real estate transactions by narrowing the gap between the market value and official rates. This could result in higher government revenues through stamp duty collections and discourage the practice of underreporting property prices.

The revised circle rates are likely to have mixed consequences. While some buyers may hesitate due to the higher costs, others believe the move will help stabilize the market in the long term by promoting fairer pricing and reducing discrepancies.