Tag: Vacant land tax in Andhra Pradesh

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AP Government Provides 50% VLT Relief to Stimulate Construction

VIJAYAWADA: In a notable policy shift aimed at alleviating the financial burden on property owners while boosting construction activity, the state government has decided to implement a 50% discount on vacant land tax during the construction process. This change was made in accordance with recent amendments to the existing legislation approved by the state assembly. According to the updated provisions, property owners engaged in construction will now only need to pay half of the vacant land tax during the construction period, effective from the start of construction until the occupancy certificate is issued. Officials believe this move will encourage timely…

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Andhra Pradesh Cuts Vacant Land Tax by 50% During Building

AMARAVATI: The Andhra Pradesh Assembly approved amendments to the Municipal Act on Wednesday to reduce financial burdens on builders and enhance transparency in construction procedures. The first amendment permits builders to pay only 50% of the vacant land tax during the construction period, effective from when building permission is granted until the Occupancy Certificate is issued. The second amendment removes “leprosy” from municipal terminology. The assembly also sanctioned an amendment allowing builders to pay just 50% of the vacant land tax during the construction phase. Minister Narayana emphasized that these changes were aimed at promoting Ease of Doing Business, encouraging…