A recent survey by the Government Housing Bank’s Real-Estate Information Centre (REIC) shows that though fewer new property units are being released in Thailand’s South, the property market in the Northeast is recovering fast.
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Decision taken based on the recommendations of a three-member panel
The Tirumala Tirupati Devasthanams (TTD) has increased the licence fees (rental amount) for its buildings which it has leased out to various governmental institutions and organisations at Tirumala.
The TTD has allotted spacious premises to various Central and State governments, co-operatives, corporations and departments in different locations in the hill town. However, it had not renew or enhance the lease amounts periodically during the past few years.
A three-member committee comprising Additional Finance and Chief Accounts Officer (FA&CAO) Superintendent (II) and Deputy EO (Panchayat & Revenue) was formed to study the matter and submit a comprehensive report to the TTD, after holding dialogues with all the stakeholders.
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