Gurgaon plans significant increase in circle rates
GURUGRAM: Property prices in Gurugram are poised for a significant increase, with the district administration proposing a rise in circle rates ranging from 8% to 77% for residential areas, and up to 145% for agricultural land. Circle rates represent the minimum price at which land or property can be sold and are legally binding, unlike market rates that fluctuate based on demand and supply. The proposed increases, particularly in premium neighborhoods such as DLF I-V, South City, Suncity, Sushant Lok, and Golf Course Road, are suggested to be around 10-20%. For luxury flats in DLF Aralias, The Magnolias, and Camellias…