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CHENNAI.....Good investment opportunities in all the segment of the city. Commercial rentals is on fast trek. Residential segment also having very good demand from rural areas. Outskirts of the city is now more costly then CBD residential areas.   AHMEDABAD..... ..... Huge NRI funds were recently invested in residential segment of the city. Commercial too is feeling the heat. Residential rates are marginally up by 20% since last quarter. The trend is likely to continue.   BANGALORE...... ...IT and ITES are again in the buying spree. Residential complexes are getting good demand. NRIs investments are up again. Service apartment concept is catching up in the city. Commercial lease rentals are rising.   PUNE.... ... Pune is poised as IT centre by the developers. In fact many leading IT brands are in the city. It has enhanced the residential rates. Outskirts like Viman Nagar, Pimpari and Chinchwad also now having great demand. Good time ahead.   DELHI .... ...The market is slow for residential units. Noida and Gurgaon also have touched historic level. New zones are in the competition. Faridabad and Merut along with Rohtak are busy catering for demand in Delhi and NCR    MUMBAI.. ..... ..Realty Fund and investors of large real estate holdings are still maintaining the price level. Developing zones are feeling heat. Small pocket developers are also panic in the market. Residential prices stagnated as of now.

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Govt. Circulars 

Registration made compulsory
By Staff Reporter

Registration of immovable property is now compulsory. Union Cabinet decision on this is firm. This will ensure legal transfer or sale of immovable properties, also the area restriction is a compulsion. Earlier registration could be done at Mumbai, Chennai, Calcutta or Delhi depending upon which of the places has a lower rate for registration. This resulted is loss of revenue to the state.
Registration Act, Transfer of Property Act and the Indian Stamp act are also to be amended. A legislation to this effect is soon to be brought to the next parliament session.
The Indian Stamp Act is to levy a a certain percentage on stamp duty for contracts. The registration for property is 1 % or Rs. 10,000/- which ever is higher.
All and all this move by Union Cabinet will definitely curb the illegal / forced registration in the future.

Editor's note : Since we are a newspaper, we can bring you the latest updates on this topic. Do visit again to see sea change to this section.