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.