Major Comeback for Realtors in Gurugram as Circle Rates Revised

According to reports, Golf Course Road, MG Road, Delhi-Gurugram expressway, and Sohna road categorized as a separate circle with similar rates.

real estate gurgaonAfter four years of prolonging gap, the circle rates are to be revised by the district administration in Gurugram from Monday, February 12th. Due to the downturn in Real Estate, from the year 2014-16, the circle rates never changed before being reduced by 5-10% from the last two years. As now, the administration has indicated to revise the circle rates it brings the hope for the revival of the sector.

The circle rates differ for every area, sector, or colony so they have divided the city into different areas. Golf Course Road, MG Road, Delhi-Gurugram Expressway, and Sohna Road among all the sectors these have been categorized as a separate circle with similar rates. The circle rates of commercial properties, residential flats, and independent floors have also increased.

The real estate sector has seen a lot in the last couple of years, be it demonetization or RERA, but now it is positively the revival mode of the sector, luckily there’ve been positive changes as well, according to records, the sales have been increased. The demand for affordable housing has increased as well, the project like Mahira Homes is an ideal example of affordable housing with every necessity.

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