Property registrations fall by 20% in Indore due to RERA, GST

Property registrations fall by 20% in Indore due to RERA, GST
07/10/2017 , by , in News/Views

The official records of the Indore district stamp and registrar department has shown a deficit of about 20 per cent in earning through property registrations in the last two months.

The department, which has managed to record a growth of about 25 per cent till July with earnings of Rs 91 crore, has recorded a dip in revenue to Rs 70.34 crore and is expected to go down to Rs 71.51 crore in the next two months. Experts claim that since demonetisation, RERA and GST has kept investors away from making new deals.

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