Telangana realtors oppose market value revision-Telangana Today image

Hyderabad: Will the State government’s proposed move to revise market values hit the real estate sector in Telangana, which is already witnessing a slump?

Builders and developers are apprehensive over the move, which became a topic of discussion after a recent review meeting by Chief Minister A Revanth Reddy with an eye on shoring up revenues. They fear that the revision of market values at this particular point of time could further slow down business, which has been going through a slump ever since elections were announced late last year. The State government’s policies are still unclear on different issues, builders feel, saying that considering all these factors, it might not be the right time to take up such exercises.

 

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