Circle rates increased in Gurugram's main housing hubs.

After the revision, the circle rates in sectors adjoining the Southern Peripheral Road (SPR), Golf Course Road and Dwarka Expressway - areas where real estate has seen a boom - have increased by up to 30%.

GURUGRAM: The Haryana government has increased circle rates, a move that is unlikely to have an immediate effect on the price of premium properties but might make registries dearer.

After the revision, the circle rates in sectors adjoining the Southern Peripheraal Road (SPR), Golf Course Road and Dwarka Expressway - areas where real estate has seen a boom - have increased by up to 30%. The rates in commercial hubs have also seen a 10% rise.

Also referred to as collector's rate, circle rate is the minimum value that state governments set for the transfer of a plot, built-up house, apartment or a commercial property. Builders are not allowed to sell flats and homes below the rate set by the government.

Credit: ETRealty