Property brokers in Gurgaon to move court against capping on brokerage

NEW DELHI: Real estate brokers in Gurgaon are planning to challenge in court a directive issued by the HaryanaReal Estate Regulatory Authority (RERA) capping the brokerage on real estate transactions at a maximum of 1%, a move that may have far reaching consequences for the broker community.

Haryana RERA, in a directive last week, had said that it is taking measures to streamline the brokerage system to ensure buyers are not harassed.