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Punjab developers oppose cess imposed by govt

Comments(2) Sub Category:Other cities,Property Tax,Realty News Posted On: Sep 04, 2012

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.

To read more real estate news:

Property tax draws criticism from Ludhiana citizens

2 Responses to “Punjab developers oppose cess imposed by govt”

  1. [...] Punjab developers oppose cess imposed by govt [...]

  2. [...] Punjab developers oppose cess imposed by govt [...]

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