Gujarat Property Registrations Nears Pre-Lockdown Level
Registration of real-estate projects in Gujarat is picking up and nearing pre-lockdown level. Till March 2020, on an average, 150 to 180 real-estate projects used to register with Gujarat Real Estate Regulatory Authority (GUJRERA) every month.
Due to nationwide lock-down imposed in the last week of March this year, registration of new projects almost dried up till June. However, from July onwards, it has started picking up again as 150 and 130 new projects registered in July and August, respectively with the authority.
According to official figures, the majority of residential projects are being registered as of the total projects registered during the past couple of months, 48% are in the residential category.
Mix (residential and commercial) projects are having 32% share, commercial projects are little below 18-19% and plotting schemes are around 1%.