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Over 80% of registration revenue target achieved in district
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Pendurthi, Madhurawada, Anandapuram, Bheemunipatnam witness boom in construction activity
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The Registration and Stamps Department has achieved ₹654.24 crore as against the target of ₹801.34 crore for the 2020-21 fiscal.
| Photo Credit:
File photo K.R. Deepak
Pendurthi, Madhurawada, Anandapuram, Bheemunipatnam witness boom in construction activity
Pendurthi, Madhurawada, Anandapuram and Bheemunipatnam areas are witnessing a boom in the construction activity, if the number of documents registered at the eight Sub Registrar Offices(SROs) in Visakhapatnam district, this year, is any indication.
Similarly, the industrial areas under the jurisdiction of Lankelapalem, Pedagantyada, Chodavaram and Yelamanchili SROs in Anakapalle revenue district, in Visakhapatnam Registration Zone, have seen maximum registration of documents in the 2020-21 fiscal. The boom in construction activi
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Pydah Krishna Prasad, president-elect, the AP Chamber, has hailed the first ever digital Union Budget presented by Finance Minister Nirmala Sitharaman.
“Various reforms being introduced in the Budget are a welcome initiative which will boost investors’ sentiment and improve the Ease of Doing Business. Though direct taxes are left unchanged, introduction of Agriculture Infrastructure Cess on various commodities may lead to an unhappy situation,” he said.
Sudhir Mulagada, chairman, Visakhapatnam Zone, said, “One of the positives of the Budget was allowing consumers of electricity alternatives to choose from more than one distribution company. Another positive is the Finance Minister’s announcement that the Centre will set up the equivalent of a ‘bad bank’ to help revive the banking sector from the bad loan crisis.”