In a move aimed at energizing the realty scene in Punjab, the Parkash
Singh Badal-led SAD-BJP government has slashed the collector rate in
many districts, with the Badal turf of Bathinda getting the biggest cut
of 35%.
Not making any attempt to change the rather imbalanced real estate growth in the Chandigarh region, the state government has brought down collector rate by a paltry 5-7% in Mohali..
"Reduction of only 5% in collector rate is a cruel joke by the state government and the district administration," said Ashok Kumar, ex-president of the Mohali Property Dealers' Association..
Collector rates are hiked regularly by the district administrations and the increase is usually more in urban areas. In case of Bathinda, the highest reduction is for residential property in rural areas (35%) and 30% for that in urban areas.
.
On the demand of office-bearers of colonizer associations, Deputy CM Sukhbir Badal had in March formed a committee of 19 members, including 13 from associations and 6 representatives of state government to resolve issues pertaining to developers..
.
Revised rates:
.
Mohali: 5-7%
.
Bathinda: 25-35%
.
Fazilka: 15-20%
.
Mansa: 15-20%
.
Moga: 15-20%.
Part of the Dream Weave Walk Network 1998-2012
Not making any attempt to change the rather imbalanced real estate growth in the Chandigarh region, the state government has brought down collector rate by a paltry 5-7% in Mohali..
"Reduction of only 5% in collector rate is a cruel joke by the state government and the district administration," said Ashok Kumar, ex-president of the Mohali Property Dealers' Association..
Collector rates are hiked regularly by the district administrations and the increase is usually more in urban areas. In case of Bathinda, the highest reduction is for residential property in rural areas (35%) and 30% for that in urban areas.
.
On the demand of office-bearers of colonizer associations, Deputy CM Sukhbir Badal had in March formed a committee of 19 members, including 13 from associations and 6 representatives of state government to resolve issues pertaining to developers..
.
Revised rates:
.
Mohali: 5-7%
.
Bathinda: 25-35%
.
Fazilka: 15-20%
.
Mansa: 15-20%
.
Moga: 15-20%.
Part of the Dream Weave Walk Network 1998-2012