Gurugram, April 8
With new circle rates being implemented from Thursday, luxury properties in Gurugram will now be costlier by almost 25%.
Meanwhile, the highest increase of over 70% has been reported for Carlton Estate as the rates have been revised from Rs 8,000 per sq ft to Rs 15,000 per sq ft.
As per the revised rate chart, a 25% hike has been introduced for luxury condominiums like Magnolias, Aralia and Camellias, which have increased the prices from Rs 20,000 per sq ft to Rs 25,000 per sq ft. The Crest has also seen an increase from Rs 8,000 per sq ft to Rs 12,000 per sq ft.
The circle rates for other posh societies like Parsvnath Exotica, The Verandas, Palm Springs, Exotica, Laburnum, Unitech World Spa, Park Place, Belaire, Vipul Belmonte, Central Park and Princeton have also increased from Rs 8,000 per sq ft to Rs 9,000 per sq ft.
However, the homebuyers are most-affected by revision and hike in rates for builder floors in licenced colonies and sectors of the HSVP. The circle rates here have been hiked from Rs 5,500 sq ft to Rs 6,500 per sq ft. This means that a buyer has to shell out over Rs 15 lakh on an average for builder floors of 250-300 sq yards.
In the Farrukhnagar tehsil, the farmland will now cost Rs 32 lakh per acre instead of Rs 31.68 lakh per acre. Also, the farmland in Babra Bakipur village will cost Rs 70 lakh per acre than Rs 63.92 lakh per acre. — OC