Saturday, February 22, 2025
More
    HomeReal EstateTelangana Government Revises LRS Rules, Reduces Fees by 25%

    Telangana Government Revises LRS Rules, Reduces Fees by 25%

    Related stories

    SLBC tunnel roof collapses in Nagarkurnool, KTR blames government.

    An accident occurred in the SLBC tunnel near Domalapenta...

    Telangana CM Revanth Reddy Says BRS and BJP Are Blocking Caste Census Efforts

    Telangana Chief Minister Revanth Reddy has accused the Bharatiya...

    Franklin Templeton submits application for Solana ETF to the SEC

    The post Franklin Templeton Files for Solana ETF with the SEC appeared first on Coinpedia Fintech News Franklin Templeton has filed for an S-1 registration with the SEC for a Solana Exchange-Traded Fund (ETF). This has come after establishing the Franklin Solana Trust in Delaware. The firm now joins Grayscale, Bitwise, VanEck, and others in seeking approval for a Solana-based ETF. This signals growing institutional interest in Solana investment products and the …

    The Telangana government has introduced amendments to the Telangana Regularization of Unapproved and Illegal Layout Rules, 2020, simplifying the regularization process and encouraging compliance. As part of the new amendments, the government has announced a 25% rebate on regularization and pro-rata open space charges for applicants who make payments on or before March 31, 2025.

    Key Amendments in LRS Rules

    • No Registration Without Regularization – Unauthorized layouts will not be granted registration or building permissions unless they are regularized.

    - Advertisement -

    • Definition of Layout Owner – A layout owner is now officially defined as someone who has developed the layout and sold at least 10% of the plots before August 26, 2020.

    - Advertisement -
    Also read:  Top 10 Construction Companies in Hyderabad

    • Eligibility for Registration – Unregistered plots in unauthorized layouts, where at least 10% of plots were sold before August 26, 2020, will now be eligible for registration upon payment of regularization and pro-rata charges.

    Objective of the Amendments

    The government aims to address procedural challenges and make regularization easier for property owners. By offering a 25% rebate, authorities seek to encourage faster compliance and ensure that more unauthorized layouts come under legal purview.

    For those looking to regularize their properties, officials have urged early payment before the March 31, 2025, deadline to take advantage of the reduced charges.

    - Advertisement -
    Rajesh M
    Rajesh Mhttps://www.telanganatribune.com
    Latest News from Hyderabad, Telangana, India & World!

    Follow us

    3,565FansLike
    179FollowersFollow
    1,202FollowersFollow
    965SubscribersSubscribe

    Contribute News

    You can contribute an article to Telangana Tribune by dropping a mail at newsdesk@telanganatribune.com

    Latest stories