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Gurgaon Corporation’s budget not affected

No Comments Sub Category:Gurgaon,Property Tax Posted On: Jul 11, 2012

The Supreme Court’s order regarding property tax collection from private developers’ area will not have any impact on the revenue generated from house tax, claimed the Municipal Corporation of Gurgaon.

The corporation hopes to earn Rs 500 crore through the property tax collection with the current fiscal budget.

Senior officers have claimed that behalf of DLF’s tenants, it paid them Rs 12 crore property tax a few days ago.

The Supreme Court’s order does not say that residents of private colonies are not supposed to pay property tax, but many are trying to interpret the court order as that these residents does not have to pay property tax to MCG, a senior official added.

To read more real estate news:

Buying house is no more a better investment for youngsters

DUSIB approves 7,400 flats for EWS

Source: Times of India

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