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Property registration fee up
Posted on: 06/Jun/2013 5:45:37 PM
The registration of property in Tamil Nadu increased in April – May with 11 per cent growth. The raise in guideline values coupled with high lending rates are attributed to this.
Says Managing Director of Akshaya Home, T. Chitti Babu, ‘There was a definitive slowdown. Besides, February and March are months where companies race to achieve their sales targets which could have compromised on prices. But we are witnessing a definitive improvement in both sentiment and sales.’
‘The past two months have been fairly good in terms of new sales. We tend to believe that the downward bias has been halted’, said Suresh Krishnan of Isha Homes.
