Photograph: Suprakash Mishra
Bhubaneswar: The Confederation of Real Estate Developers’ Association of India (CREDAI) has reiterated its demand for reduction in charges on development basis real estate projects.
“Owing to the huge charges applicable on both issuance and cancellation of power of attorney (POA) of a land taken up on the basis of joint development projects, the real estate sector in Odisha is being adversely affected. The developers are unable to take land, make approval and sell property as the state government has imposed unreasonable charges on land owners for issuance of POA to do business for joint development projects,” said CREDAI, Odisha Chapter Chairman DS Tripathy.
The unreasonable rates shoot up prices of houses, forcing the developers to sell houses at higher rates. So, the government should take one percent or Rs 50, 000 (whichever is higher) instead of unnecessarily charging a staggering seven percent on the market value of the land, Tripathy added.
Dubai: ODI cricket, Pakistan – they bring out the best in Virat Kohli. The Dubai… Read More
Cuttack: Three criminals were arrested by Choudwar police in Odisha’s Cuttack district for allegedly looting… Read More
Kolkata: Odisha FC fought gallantly in the lion’s den but finally returned empty-handed. Up against league… Read More
Kolkata: A West Bengal secondary board exam (Madhyamik) candidate recently took Artificial Intelligence (AI) to… Read More
New Delhi: A fourth batch of Indian nationals deported from the US arrived at Indira… Read More
Berhampur: Rushikulya river mouth in Odisha’s Ganjam district has emerged as a major rookery for… Read More
This website uses cookies.
