Andhra government imposed ₹1,000-crore house tax burden on urban residents: CPI(M)
The Andhra Pradesh government has introduced a capital‑value based property tax expected to raise about ₹1,000 crore, which the CPI(M) says will lift urban house taxes by at least 15% each year. Party spokesperson Babu Rao called the move a heavy burden on city residents, warning it could strain household budgets and affect urban real‑estate investment.