Bhopal's district administration proposes an 18% average increase in collector guideline rates for 1,283 locations, sparking opposition from real estate stakeholders who warn of housing affordability issues and economic repercussions. Deadline for objections extends, with CREDAI and public representatives urging a revision.
The State Legislative Assembly reduced stamp duty on first-time registrations of apartments priced between Rs 35 to 45 lakhs to 3%, aiming to boost the real estate sector.
Chennai's residential flat sales decline due to high prices, impacting middle-class buyers. New apartments range from ₹70 lakh to ₹1 crore, exceeding affordability.