Mysuru, Jan 20: The Karnataka government’s revision of guidance value of properties has hit the real estate market across the state.
The growth of real estate sector had seen flat growth since the time of demonitisation and now even the registration in the Sub Registrar offices across the state has come down. However, the officials has dismissed the allegations and claimed that it was only 5 to 25 percent hike in guidance value. The same situation had faced when the demonetisation hit several businesses in the last two years ago.
But, Udaya Kuamr, a sale dead writer told media that the increase in an eastern parts of the city including Ring Road adjoining areas, was to the tune of up to 100%. per cent.
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