The Haryana government has proposed a soaring hike in circle rates for areas falling near Dwarka Expressway to Golf Course Road. The draft of the proposal is up for public feedback.
Circle rate is the minimum price fixed by the state government below which property cannot be sold.
According to the proposed circle rates, in sectors 104 to 106 and 109 to 115, the residential units will see a rise of 52.5 per cent while rates for commercial units are proposed to increase by 43 per cent. Circle rates in residential units in sectors 38, 22, 17 and 12A are expected to rise by 43 per cent while those in New Palam Vihar will see an increase of 61 per cent.
Rates in residential properties in sectors 63, 63A, 58, 31-32A, 52, 51 and 54, and commercial units in sectors 29, 40, 42 and 56 are up by over 60-70 per cent and commercial and residential properties in DLF Phase 5 will see an increase of 70 per cent.
Commercial property circle rates at Ardee City will see an 87 per cent rise, if approved. In Badshahpur tehsil, the proposed circle rates in sectors 62, 65, 66, 69, 70, 71 and 72 are 61 per cent higher than last year. The proposed commercial property circle rates at Rosewood City near Golf Course Extension Road are 87 per cent higher than last year.
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Agricultural land in many parts including Bajghera, if approved, will see an 87 per cent rise in circle rates. Areas in Farukhnagar tehsil in the district will see up to 87 per cent hike in many areas.
The public can submit suggestions and feedback till Sunday.
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The president of the Dwarka Expressway Resident Welfare Association, Yashesh Yadav, said that though the circle rates are increasing every year, the basic facilities promised in the 2008 master plan have not been provided yet. “Now, by raising the circle rates, an additional burden will be imposed on people during the inflation period, further impacting the already slow real estate market,” he added.
