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Circle Rates

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1 Control Mechanism: Circle rate is a mechanism to ensure some amount of parity between the actual and the market price and is generally based on actual transactional data

2 A good move: An increase in rates will help buyers get higher loans as banks and financial organizations disburse loans on the basis of sale deeds which take into account circle rates while gauging property prices.

3 Primary market not impacted: Primary market dealings are primarily all in white and the increase in circle rates is unlikely to have a direct impact on volumes and prices of transactions.

4 Where it is happening:  Gurgaon has seen an increase for the second time in seven months this year. At Ghaziabad rates went up by 10-20 per cent and Noida saw two hikes within a span of 12 months

5 Great disparity: To some extent, the circle rates in Ghaziabad/Noida/Gurgaon represent market rates. In Delhi, these rates are much lower than the market rates.

Lutyens Habitat is a Real Estate Services organization dedicated to creating value for its  clients through customized solutions and highest levels of professional integrity. We adopt a consulting approach with our clients and our advice is based upon what they expect from your  real estate requirement. We continuously analyze the market trends and with comprehensive  research use this data to predict results keeping in mind different factors affecting market  conditions.