#RealtyNewsRoundup: Circle Rate In Ghaziabad Likely To Rise
Description
After maintaining status quo for about five years, Ghaziabad’s stamps and registration department is considering increasing circle rates. The department has written to the Uttar Pradesh government recommending a circle-rate hike.
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Public-sector lender State Bank of India has cut the marginal cost of lending rate (MCLR) by five basis points across all tenors, for the second time in a month. The one-year MCLR now stands at 8.45 per cent per annum, effective from May 10.
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Mumbai property owners could soon access their property cards, maps from the comforts of their home. The Mumbai collector’s office plans to introduce digital property cards, carrying digital signature of the owner. The digital process will allow homeowners to access these documents in a few seconds without having to stand in long queues at the collector’s office.
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For second time in a row, Monaco has emerged as the world’s most expensive prime residential market, with average property prices reaching €48,800 per square metre, twice the cost of property in Paris and London, a report released by Savills shows. According to the data available with Savills, the average property prices in the country increased 31 per cent year-on-year.
Source: Media reports
