Haryana Government increases colonization fee, property prices will increase
The Haryana cabinet has approved the proposal of the department of town and country planning to increase the license fee for residential plots, group housing and industrial colonies.
The increased rates of license fee may impact property rates, especially in new colonies and coming up projects in Gurgaon, Faridabad, Sonepat and Panchkula districts.
The cabinet also decided to include Gwal Pahari of Gurgaon in high potential zone. Currently, besides Gurgaon, other districts included in high potential zone are Faridabad, Sonepat and Panchkula, while Prithala of Palwal district has been included in the category of medium potential zone.
The cabinet also approved increase in conversion charges for hotels, motels with banquet facility and resort projects.
It was decided that the schedule of conversion charges and license fee would include distinction of controlled area as per earlier provisions of Punjab Scheduled Roads and Controlled Areas Restriction of Unregulated Development Act, 1963.
The new conversion charges for commercial units will include existing commercial rates and 50% equivalent of license fee and infrastructure development charges for high potential zones and 25% equivalent of license fee and infrastructure development charges in other zones.
To read more real estate stories:
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Kotak realty investing in integrated township project in Gurgaon
Source: Times of India
license fee, Projects in Gurgaon, properties in gurgaon, property tax, reale state in haryana, Residential and commercial projects
