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Gurugram civic body nets a record Rs 500 crore in property tax

MCG has made a record property tax collection of over Rs 500 crore for the current financial year. This is the highest in the past five years.Officials said the amount collected “is 30% of the total tax collection of Rs 1,400 crore since the formation of the corporation in 2008”. And of the total collection, nearly 50% came from the civic body’s zone 3 that includes upscale areas such as DLF phases 1-5, Sushant Lok-1, Suncity and condominiums located on Golf Course Road and MG Road.

Source : ET Realty