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Maharashtra to see major price correction

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As per to the sources saying @ the www.propertykhazana.com, denotative land prices based on which Maharashtra rates its stamp duty in Mumbai and in other main cities of the state might drop slightly for the first time in ten years as realty dealings are gradually decreased. The land prices in the ready reckoner for Maharashtra might fall slightly flashing the moderate outlooks. A last decision might be taken shortly and the property ready reckoner is ready by the office of the inspector general of registration and stamp duties (IGR) on the basis of dealings in realty segment in specific localities.
Land rates across the main cities of the state have seen a shrink due to an economic downturn that has compelled the conglomerates to control the growth plans. Reflecting exhausted outlooks property, dealings have also drenched as purchasers estimates a more diminish of rates. But, the declaration given by the Minister of State for revenue in the state legislature to retain the current situation and has formed a peppery situation. As per to the sources saying @ the www.propertykhazana.com, Pune based Maharashtra Lawyers Associations’ President had filed a entreaty in the Bombay High Court asking for the court to tell the State Govt. to issue rates that reveal the market outlooks. The entreaty revealed that the declarations given by him will effect to encroach to customers.
Source: NBTVLIVE

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