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Govt. reduces anxiety of realtors in Haryana

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The slump economic situation of the state has made the entire business arena to stand still across the country. As a result both state and centre has to provide sufficient aids to almost all the sectors to revive the economy to an established mode. According to the source of www.propertykhajana.com, recently the state govt. of Haryana has doubled the license validity period to 4 years from that of 2 years. A lot of projects are still on pending at various major locations of the state and low liquidity has slowed the completion process and hence govt. has to deliver the relief note with extending the license terms.
Source of www.propertykhazana.com also reveals that, in some areas a low fee for the license is also proposed as the govt. body demands the entire amount during the application procedure. But now according to the new norms only 25 percent will be paid initially and rest will be cleared once the license is approved. It will be great benefit to the developers of the state as the license fee of one acre of construction is hiked around to Rs 2.5 crore. More over the projects extends not less than five acres and many goes beyond that and with this new norms realty house will be more comfortable to put the license funds for the construction initialization. For more updates visit www.propertykhazana.com.
Source: NBTVLIVE

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