Bhopal, March 19 -- Escalating objections to the proposed hike in collector guideline rates in the state capital, a delegation of CREDAI members on Tuesday demanded a rollback, arguing that the hike would burden the public and urging authorities to halt the proposal.
During a meeting with Bhopal Minister-in-Charge Chaitanya Kashyap, CREDAI delegates underscored the need for a more transparent and data-driven process for future revisions in circle rates.
Guideline or circle rates are pricing benchmarks used by the state government for the purpose of taxation in the sale and purchase of real estate.
While advocates say that restructuring these rates helps enhance government revenues and curbs the involvement of the parallel economy in the ...