{"id":8091,"date":"2024-06-14T03:27:36","date_gmt":"2024-06-14T03:27:36","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=8091"},"modified":"2024-06-14T03:27:36","modified_gmt":"2024-06-14T03:27:36","slug":"andhra-pradesh-now-realtors-will-have-to-give-5-land-to-government-in-new-layouts","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/andhra-pradesh-now-realtors-will-have-to-give-5-land-to-government-in-new-layouts\/","title":{"rendered":"Andhra Pradesh: Now, realtors will have to give 5% land to government in new layouts"},"content":{"rendered":"

The has decided to take 5% of land or its equivalent value from the newly developed layouts. The government’s decision has alarmed the realty sector and property buyers. The realtors fear that the decision would eat into their margins which have already become thin due to Covid-19 and would make their business unviable.<\/p>\n

On the other hand, aspiring plot buyers fear that the land prices are likely to go up as realtors would pass on the burden to the consumer.<\/p>\n

The state government had issued a GO recently stating that 5% of the land in newly developed layouts should be given to the local body. If the land cannot be given in the same layout, they can give same extent of land within three kilometres area of the layout.<\/p>\n

The third option would be to pay Money<\/a> equivalent to the base price of the land in the respective areas.
The realty sector inAndhra Pradesh<\/u>has been struggling with poor demand for the last three years with uncertainty over the capital city. The Covid-19 pandemic that shook economies across the globe rattled the realty sector in the state. The prices hit new lows inVijayawada<\/u>,Guntur<\/u>and other major cities with uncertainty over the capital coupled with pandemic induced Stress<\/a>. The latest decision by the state government would put more stress on the demand side, fear realtors.<\/p>\n","protected":false},"excerpt":{"rendered":"

The has decided to take 5% of land or its equivalent value from the newly developed layouts. The government’s decision has alarmed the realty sector and property buyers. The realtors fear that the decision would eat into their margins which have already become thin due to Covid-19 and would make their business unviable. On the … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1096],"tags":[756],"class_list":["post-8091","post","type-post","status-publish","format-standard","hentry","category-andhra-pradesh","tag-10-12-21"],"yoast_head":"\nAndhra Pradesh: Now, realtors will have to give 5% land to government in new layouts - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/andhra-pradesh-now-realtors-will-have-to-give-5-land-to-government-in-new-layouts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Andhra Pradesh: Now, realtors will have to give 5% land to government in new layouts\" \/>\n<meta property=\"og:description\" content=\"The has decided to take 5% of land or its equivalent value from the newly developed layouts. The government’s decision has alarmed the realty sector and property buyers. The realtors fear that the decision would eat into their margins which have already become thin due to Covid-19 and would make their business unviable. On the ... 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The government’s decision has alarmed the realty sector and property buyers. The realtors fear that the decision would eat into their margins which have already become thin due to Covid-19 and would make their business unviable. On the ... 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