HYDERABAD: Quashing all speculation about an increase in market value of land in the state with effect from August 1, minister for stamps and registrations, Thota Narasimham, on Tuesday said that the matter was still under consideration. Speaking at the curtain-raiser of the Andhra Pradesh Real Estate Developers Association's (APREDA) third property show, scheduled to be held in the city on November 10-11, the minister said, "No decision has been taken yet on revising the market value. The subject is still being debated."
For the last few weeks, AP's realty industry has been abuzz with rumours about a steep rise in market value of both urban and agricultural land in the state. It was reported that the districts were likely to see a near 60% jump in values post this revision.
APREDA's upcoming property show is likely to have close to 198 stalls by various industry players and attract a footfall of over 50,000.
Source: timesofindia.indiatimes.com
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