Mr. Vineet Relia, Managing Director of SARE Homes
Gurgaon 28 June 2016: “The Haryana Government’s decision to reduce collector rate will surely help improve investor sentiments in the real estate industry in Gurgaon. As we have seen, market rates in Gurgaon have decreased over the years but the collector rates continued to be high thereby leading to reduced interest from buyers. However, with the rate cut, all stakeholders are expected to benefit. While the Government will receive higher revenue, the residential and commercial segments will also see renewed interest by investors and buyers on account of lower registration charges.”
