New project launches declined by over 90% after March, says a report by the website The second wave of COVID-19 caused a mighty blow to real estate in the twin cities with new launches declining by over 90%, inquiries having dipped by 30%, and sales plummeting up to 90% post-March onwards, said real estate website ‘99acres.com’ in a report released on Wednesday. “The economy went...
2021
IT CORRIDOR Hyderabad has the highest leasing rate in the country Today, Hyderabad City dwellers are not just buying houses, they are recently investing in commercial and office structures. These tend to have a higher rental income compared to house rents. The office market is moving in line with their expectations. Hyderabad has surpassed Bangalore for the first time in office leasing....
FARMLAND PLOT MA&UD Dept has ordered that prohibition of registration of farm plots if the area of the plot is less than 2000 sq mts or 20 Guntas This order has been issued according to the Telangana municipalities Act,2019. Telangana Panchayat Raj Act,2018 through Memo No G2/257/2019. Dated 26/08/2020 of commissioner & I.G. Stamps & Registration Department. According to Telangana...
The State Cabinet has taken a final decision on hiking registration rates and upward revision of land values. The Cabinet, according to sources, discussed at length the proposals submitted by the Registration and Stamps wing of the Revenue department for enhancing the registration values which remained constant since the formation of the State. The registration charges are proposed to be increased to 7.5...
60 SQ YARD PLOT SIZE In a major initiative for budget housing, Municipal Administration and Urban Development (MA&UD) Department issued a G.O., to facilitate the poor in the State to buy small plots and construct their dream home as developers can now develop 60-yard plots in layouts. Earlier, the minimum size of plots in layout was 143 yards and this has now been reduced to 60 square yards....
LAND CONVERSION Conversion of agricultural land into non-agriculture purposes by taking prior permissions from competent revenue authorities by paying prescribed tax. To cater to the misuse of agricultural land use the government has imposed the guidelines in the Telangana Agricultural Land (Conversion Of Non- Agriculture Purpose) Act 2006. The Andhra Pradesh Agricultural Land (Conversion for Non...
LAND VALUE HIKE Telangana government is in discussions to enhance the land value of non-agriculture lands between 30% to 50%. Due to pandemic lockdown, the revenue of the government has decreased. It hurt the government exchequer. After GST and Excise, revenue is earned by the government through property registrations. If CM K. Chandrashekar Rao okays the proposal, the land market value may be...
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Functions of a real estate agent.- The real estate agent shall provide assistance to enable the allottee and promoter to exercise their respective rights and fulfill their respective obligations at the time of booking and sale of any plot, apartment, or building, as the case, maybe and other functions mentioned in Section 10 of the Act. Real estate agents play a pivotal role in closing a deal. In...
To renewal as a registered agent these are the guidelines one has to follow. Registration as per Govt conditions The registration granted to a real estate agent under the Act may be registered, on an application made by the real estate agent in J Form, until the application procedure is made web-based, which shall not be less than three months before the expiry of the registration...