Gurugram, July 31 -- Home buyers in Gurugram will soon have to shell out more money for buying property as the district administration has proposed new circle rates and has sought objections from city residents and stakeholders in the matter till July 31. Homes in private licensed colonies, HSVP sectors and flats in different areas of the city will see a hike in circle rates between 10 percent to 30 percent, which in turn will increase the price of properties. Developers and real estate experts said that the proposed hike could dampen the realty market as it is already witnessing slow sales. The circle rates were last revised in Gurugram on December 1,2024, when the Haryana government had implemented a hike of 10 percent to 30 percent across the city. After the proposed hike, buying of apartments on Golf Course Road, which falls under the Wazirabad tehsil will become more expensive as circle rates are proposed to be increased by 10 to 15 percent in upscale projects. According to details shared by the district administration, the circle rates of flats in upscale colonies such as DLF Magnolias, Aralias and Camelias has been proposed to be increased from Rs.37,750 per square feet (psf) to Rs.39,325 psf. The circle rate for flats in Carlton has been increased from Rs. 15,015 psf to Rs.16,517. The circle rate for Crest and The Icon has been proposed to be increased from Rs.17,160 to Rs.18,876. The circle rate of floors in licensed colonies by developers and HSVP sectors has been increased from Rs.9,295 psf to Rs.10,225 psf. A Gurugram district administration spokesperson said that the process of determining the collector rate of land for the year 2025-26 has started in Gurugram district. The tehsil-wise list of the proposed collector rate has been uploaded by the district administration on the official portal gurugram.gov.in, so that the public can give their opinion by going through these rates. Gurugram deputy commissioner, Ajay Kumar said, "Residents of the district have been given full opportunity to give their objections or suggestions to these proposed rates. The public can submit their feedback till July 31, 2025." According to details shared by the district administration, circle rates of plots in major colonies in Wazirabad tehsil such as Garden Estate has been proposed to be increased from Rs.90,000 per square yard (psy) to Rs.1,03,500 psy, in Mayfield Garden the rate has been revised from Rs.80,500 psy to Rs.92,000 psy, in Nirvana Country the rate has been revised from Rs.1,15,000 psy to Rs. 1,32,250 psy, Rosewood City Rs. 86,250 psy to Rs.99,187 psy. Circle rate of plots in HSVP sectors such as 53, 54, 55, 56, 57 has been increased from 10 percent to 15 percent. In Gurugram tehsil, the circle rate of floors in residential colonies built by developers and HSVP will be increased from Rs.7,800 psf to Rs.9,400 psf. The circle rate of apartments in group housing societies in sector 1, 2, 3, 3A, 4,5,6,7 is proposed to be increased from Rs.6,500 psf to Rs.9,000 psf. The administration has proposed 77 percent hike in circle rates of land in Gurgaon village, which lies close to NH48 and Dwarka Expressway. In colonies of Old Gurugram, the circle rate is proposed to be hiked from 15 percent to 30 percent. Real estate experts in the city described the proposed hike in circle rates as an untimely action as the sentiment in the market is already down due to less than expected sales in the last three quarters. The developers in the city also signalled a cautious note and said that this could impact the mood in the market bringing it down further. Vinod Behl, a city based real estate expert said that the Gurugram administration's plan to hike circle rates amid a slowdown in residential sales will adversely impact prospective homebuyers....