FACA opposes two registrations

Federation of Association of Colonies and Apartments (FACA) is opposing the idea of going for two registrations for flats, as the move of Registration and Stamps department would further burden public.

In a release on Thursday, FACA said that such proposal will have a negative impact on the housing activity, which is already reeling under a slowdown due to inflation. Double registrations would mean the buyer would have to shell out more and this wil l definitely act as a deterrent, as far as the real estate is concerned, said FACA General Secretary V. Kamesh Babu.