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Below the Quote on Hike in Gurugram`s Circle Rates from December 2024 by Mr. Mohit Jain, Managing Director, Krisumi Corporation

The real estate sector has been performing well, with various ancillary industries relying on it to drive overall economic growth. A robust real estate market is crucial for strengthening the economy. However, a hike in circle rates could discourage buyers from investing in properties, potentially slowing the sector's momentum. With the country’s GDP growing by 5.4% in the last quarter, it is essential for policy makers to prioritize measures that stimulate economic expansion. At this juncture, an upward revision of circle rates may not be the most appropriate course of action. However, the decision may not lead to any substantial impact on the property market which continues to remain strong.

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