Property registrations in Maharashtra up by 28% in April to August period
The Inspector General of Registration and Controller of Stamps (IGR) department has registered a 28% rise in property registrations for the first five months of the financial year as compared to the last year, an indication of buyers’ faith in the realty market under RERA.
The government is focussed on bringing about transparency and accountability in the sector. Market watchers said it is no longer an investment driven market but one for the end users.
There were 2,01,764 property registrations in the state in the last financial year after the ready reckoner rates were announced. This year, the numbers increased to 2,58,051 registrations which will get better with the festive season, experts said.