Telangana Govt Decision On LRS Pending, Realtors Plan Protests Dec 21, 2020, 13:33 IST
HYDERABAD: With the Telangana Government s decision on its new Layout Regularisation Scheme (LRS) pending, realtors in the State are demanding the Government to scrap the proposal. The government is charging LRS based on the current market rate. While many people would have bought properties years ago at prices much lesser than the current market value and with the land prices now soaring, people may have to shell out more towards the LRS than the original cost of land is what the realtor associations are saying.
As per reports in the new system, wherein slot bookings were required, the registration of open plots was very less and only a handful for built-up properties took place. Without scrapping the LRS, there will not be much change even if slot booking is done away with they say.
Registrations through CARD take off smoothly
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Increase in footfall at SROs; realtors protest against LRS
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Increase in footfall at SROs; realtors protest against LRS
Registration of the non-agricultural properties through the old CARD (Computer-aided Administration of Registration Department) system took off smoothly at the sub-registrar offices (SROs) across the State on Monday without any major complaints from any district.
Protests over continuation of the Layout Regularisation Scheme continued in front of the SROs. Realtors staged protests in front of SROs at Uppal, Ghatkesar, Hayatnagar and other places raising slogans against the LRS. Though reverting to CARD could push up registrations as it would do away with slot-booking process and avoid technical issues, there would not be much change without scrapping the LRS, they asserted.
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