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Real Estate News

Real Estate News - 21 June 2022 to 22nd June 2022


07, March 2026

We are back with the newest weekly real estate news update (21 June 2022 to 22 June 2022) curated from the nation's finest sources.

Kerala Govt revises Luxury Homes' Tax Hike

Trivandrum: As State Finance Commission or the SFC has proposed a hike of 50 to 200 percent tax hike on all the properties that range from 3000 sq ft to 10000 sq ft. However, the State Govt has revised the same for 15 percent for properties with the area (plinth area) of 3000 sq ft and up.

AP: CRDA to lease out flats meant for Govt Employees

Amaravathi: CRDA, or Andhra Pradesh Capital Region Development Authority, plans to lease out their flats in the residential towers that were built for the government employees. The regulatory body is waiting for a formal order to proceed with the actions.

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Illegal Occupations rise in Maharashtra despite well-drawn agreements

Mumbai: Recently, the cases of tenants illegally occupying the properties despite the heavy duty agreements and contracts have increased greatly in the state. The landlords are finding it very difficult to evict the illegal occupants; the authorities are formulating newer legal strategies for safekeeping the agreements foolproof.

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