CM to interact with CREDAI members on ready reckoner rates in Nashik next week
Real Estate business has been badly affected because of the unrealistic rise in the RR rates
Dec 18, 2014
Source : The Times of India

 

NASHIK: Chief minister Devendra Fadanvis will interact with office-bearers of the Confederation of Real Estate Developers' Association of India (CREDAI) Nashik, over Ready Reckoner (RR) rate issue in the city next week.

A delegation of CREDAI Nashik members, led by their president Jayesh Thakkar, met Fadanvis on Wednesday in Nagpur and urged him not to make hike in RR rates for the 2015 calendar year as there had been an "unrealistic rise" the year before. The delegation members quoted the CM as assured them to discuss the issue during his tour to the city next week.

"We met chief minister Devendra Fadanvis in Nagpur and urged him not to increase the RR rates for 2015 as there had been an excessive hike in RR rates for the 2014 calendar year. The CM asked us to submit a detailed presentation during his tour of Nashik next week. He has assured us to discuss the issue with us during his visit. We also met revenue minister Eknath Khadse, who assured us that there would be no injustice to Nashik this time," Thakkar said.

"Our (real estate) business has been badly affected because of the unrealistic rise in the RR rates for the current calendar year. The RR rates are more than market rates in some areas, which is affecting our business. We have been continuously pursuing for the roll back of the hike in RR rates for 2014," he told TOI.

On January 1 every year, the state government revises the RR rates. The rates get effective for the January-December calendar year. This year too (2014), the state government increased the rates of land, residential and commercial properties in the range of 1.62-48.93% in various parts of the city. CREDAI has been pursuing with the state to roll back the hike in RR rates for the past 11 months, but in vain. Now, the CREDAI Nashik wants the government not to make any hike in RR rates for the new calendar year 2015.

As per the revised RR rates effective from January 1, the increase in land or plot rates has been in the range of 10-48.93%. The rates of residential properties like flats and row houses have been increased by 18.04% to 34.36% cent. The increase in rates for commercial properties like shops and offices has been in the range of 1.62-30.5%.

We met chief minister Devendra Fadanvis in Nagpur and urged him not to raise the RR rates for 2015 as there had been an excessive hike in the RR rates for the 2014 calendar year. The CM asked us to submit a detailed presentation during his visit to the city next week.

Latest Realty News

Sand prices hit builders hard
Dec 18, 2014
Andhra Pradesh: Construction activity has been suffering a setback in Ongole and other parts of Prakasam district owing to ‘hefty hike’ in the price of sand which is already short in supply
Encroachment dept turns heat on illegal buildings across city
Dec 18, 2014
NASHIK: The civic encroachment department has shifted its focus from evicting hawkers to demolition of illegal structures in the city
Global investors buy $2 billion office space in 2014
Dec 18, 2014
BENGALURU: Foreign investors have bought tenanted office space worth over $2 billion in India
Indian Medical Association ties up with Antriksh; doctors to get flat at 25% discount
Dec 18, 2014
NEW DELHI: Indian Medical Association (IMA) has entered into an agreement with realty firm Antriksh group for providing 275 flats to its doctor members on Noida Expressway
AP to permit land pooling to developer entities
Dec 18, 2014
Hyderabad: The Andhra Pradesh Capital Region Development Authority (AP CRDA) Bill-2014 seeks to introduce a licensing system for developers
CAG raps Housing Board for 'rampant' discrepancies
Dec 18, 2014
Belagavi: The Comptroller and Auditor General has rapped the Karnataka Housing Board for “rampant” discrepancies in selection of locations for housing projects
Developers, buyers back in luxury homes mart
Dec 18, 2014
Mumbai: Interest in luxury residential projects is back both from developers and buyers on improved sentiment and economic conditions
Real estate exhibition to showcase 500 projects
Dec 18, 2014
NASHIK: The real estate expo - Shelter 2014 - organized by the Confederation of Real Estate Developers Association of India (CREDAI) Nashik from Thursday, will showcase around 500 residential projects
Cabinet defers approval to real estate bill
Dec 18, 2014
NEW DELHI: Union Cabinet deferred the Real Estate (Regulation & Development) Bill
Cheap housing only at Naina: Builders
Dec 17, 2014
NAVI MUMBAI: The city builders, who have put up stalls at Credai-BANM's 15th property exhibition, say that they are expecting a turnover of approximately Rs 2,500 crore

Latest Realty News Of State

Realty Talk's