The Haryana government has increased collector (circle) rates across the state, making South City 1 in Gurgaon the most expensive residential locality. The new rate is now ₹90,000 per square yard, up from ₹82,000. This is the second hike in just 8 months, with the previous revision in December 2024.

Key Rate Changes in Gurgaon:

• South City 1: ₹90,000/sq yd

• Nirvana Country: ₹80,000/sq yd (up from ₹70,000)

• Sector 42 (DLF Camellias area): ₹79,970/sq yd

• DLF Phase II: ₹72,000/sq yd

• DLF Phase III: ₹66,000/sq yd

Affordable Localities Remain:

• Sector 95A: ₹2,830/sq yd

• Sectors 68–71: ₹4,800/sq yd

• Sectors 76–80: ₹5,000/sq yd

• Sectors 91–92: ₹5,600/sq yd

• Sectors 81–84: ₹6,000/sq yd

Panchkula Update:

• Mansa Devi Complex (Sectors 4, 5, 6): ₹99,000 per sq metre (up from ₹66,000)

These hikes will directly impact property prices, stamp duty, and registration costs across Haryana.

What Real Estate Developers Are Saying:

Positive Views:

• Pradeep Aggarwal (Signature Global): Welcomes the hike for promoting transparency, cleaner deals, and better financing.

• Sumit Ranjan (Roots Developers): Says it reflects real market value and boosts revenue, transparency, and investor confidence.

• Vineet Nanda (Krisumi Corporation): Supports the move for aligning rates with real prices.

Cautions & Concerns:

• Developers warn that the timing—just before the festive season—might affect buyer sentiment.

• Concerns exist about short-term slowdown in transactions, despite the long-term benefits.

Overall Takeaway:

The new collector rates aim to bring property valuations closer to real market conditions. While developers see long-term growth and transparency benefits, they also urge careful implementation to maintain buyer sentiment—especially during peak demand seasons.