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Tamilnadu government delaying measures

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Some Developers said to www.propertykhazana.com that, “Already the housing loan interest rates are falling down, it is not an adequate amount. There is one more main subscriber to high costs of beefed up spaces in the state Govt. They need to do little on the speed up approvals of venture, which reduces stamp duty and other charges to cinch that obviously rates will drop to reasonable levels.” It is left to the state Govt. to cinch reasonable residential by placing obvious aims and relating the private segment through PPPs. These aspects were spoken at a seminar on reasonable residential organized by the Confederation of Indian Industry and CREDAI in Chennai.
In respect of the explanation of reasonable residential, the seminar covered housing units ranging from a few Lakhs to Rs. 35 Lakhs. Industry officers said to www.propertykhazana.com that, “State Govt. taxes account for about 40-45% of the cost of beefed up space and ventures acquiescent might take up to couple of years. This will be a further addition to the cost of property as interest rises. Selling rate of about Rs. 4,000 per Sq.ft, the Govt.’s share of taxes and utility charges can rise up to Rs. 900 per Sq.ft.” For latest Real Estate updates browse www.propertykhazana.com.
Source: NBTVLIVE

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