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.