Registrations at VGTM area halted?

 

Ever since, the state government has zeroed upon the area between Vijayawada-Guntur for building the new capital city, the land prices shoots sky high. Many politicians, businessmen, hoteliers and realtors are trying to procure lands in this area. As a result the market prices touched sky high, but not the government revenue. Those who are selling and buying the lands are making agreements with lower rates, while the actual figures are thrice or more. So, government is losing huge revenue due to this manipulation by the buyers and sellers. Although there is mad rush at Vijayawada and Guntur registrar offices, government is hardly getting any huge amounts out of the registrations. So, the government has decided to temporarily halt the registrations in the VGTM area. State government may announce a fixed land rates for these two districts.