Punjab developers oppose cess imposed by govt
Developers in Punjab has opposed the state government’s move to levy social infrastructure cess on property transactions.
Confederation of Real Estate Developers’ Associations of India (CREDAI), Chairman, Anil Chopra stated that it would hit demand in the real estate sector which is already undergoing slowdown.
Poor demand in real estate sector can be gauged from the fact that the collector rates at several places are more than the market rates. Credai has asserted that the imposition of new cess at this point of time would prove disastrous in the wake of sagging demand.
collector rates, Confederation of Real Estate Developers' Associations of India (CREDAI), Market rates, poor demand in real estate, Property transactions, Punjab, Punjab developers, Punjab real estate, Real estate sector for Punjab, social infrastructure cess
[...] Punjab developers oppose cess imposed by govt [...]
[...] Punjab developers oppose cess imposed by govt [...]