CREDAI urges govt. to reduce registration charges
The Hindu
‘Maharashtra and Karnataka already eased them’
The Confederation of Real Estate Developers’ Association of India State chapter representatives have urged the government to reduce the registration charges by two percent in the State until the real estate sector recovers from the pandemic impact.
CREDAI State unit vice-president Y.V. Ramana Rao, treasurer D. Rambabu and others met Minister for Revenue Dharmana Krishna Das here on Thursday and submitted a representation on the issues being faced by the realty sector.
They appealed to the government to consider bringing down the 7.5% registration charges to 5.5% and continue it for some time until the realty sector is free from the pandemic. They recalled that during the 2009 financial crisis the then Chief Minister Y.S. Rajasekhara Reddy had saved the realty sector by cutting down registration charges.
Senior BJP leader and former Telangana Governor Tamilisai Soundararajan on Saturday (November 23, 2024) said the landslide victory of the Mahayuti alliance in the Maharashtra Assembly election was historic, and that it reflected people’s mindset across the country. She added that the DMK would be unseated from power in the 2026 Assembly election in Tamil Nadu and that the BJP would be the reason for it.