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Synopsis
“Gurgaon deals will be hampered, especially in the ready-to-move in property segment, where the buyer has to pay the stamp duty on transaction. At this time, when people are consolidating their real estate portfolio into a better upgraded home to live in, this move might push home buyers towards under construction apartments, where registration of property is 3-4 years away,” said Anubhav Jain, CEO, Silverglades Group.
Agencies
With the latest imposition of additional taxes, Haryana s markets would crash due to the additional financial burden being placed on buyers.
Haryana government’s plan to impose 2 percent additional duty on transfer of immovable properties, will put Gurgaon’s real estate market at a disadvantage, according to property developers.
Demand for luxury housing improves in national capital business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Silverglades Group to invest Rs 500 crore on new mixed-use realty project in Gurugram
Gurugram-based Silverglades will develop 260 luxury apartments and 3 lakh sq ft of commercial retail space in this mixed-use project Hightown. PTI
Image: Reuters
Realty firm Silverglades will invest around Rs 500 crore to develop a mixed-use project in Gurugram as part of expansion plan.
Gurugram-based Silverglades will develop 260 luxury apartments and 3 lakh sq ft of commercial retail space in this mixed-use project Hightown. We are developing a new luxury housing project. There is very limited availability of luxury housing units in the heart of the city. We are targeting to cater to this need, Silverglades Group CEO Anubhav Jain told reporters late Friday.