Property investment regularization scheme will substitute banking experts

Government Agreed to introduce an amnesty scheme for the regularization of property investments, named as property investment regularization scheme. Under this system, money invested in property before July 2016 will be legally secured. The main purpose of this new scheme is documentation. According to the resources, Government and stake holders are taking steps to solve the property rate dispute, supporting their views on Wednesday builders and property dealers presented chart of DC and current value to the government officials. After finalizing the rates, it will be presented before prime minister and finance minister which will then approve it. What should be noted here is that government has also taken down their previous decision on the demand of property dealers and builders, in which banking experts were required to evaluate the property value.

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