FCC

Property registrations up in Maharashtra!

2022-08-19

The real estate sector in Maharashtra is reviving fast after two years of the pandemic-induced lull with the first four months of this financial year recording over eight lakh registrations.

Developers expect the trend to continue during the festive period till November. The real estate sector is back to the pre-pandemic levels - both in terms of registrations and revenue.

Maharashtra recorded registration of eight lakh documents from April and July. Nearly one lakh property documents have been registered till mid-August. "The registration department, which had a revenue target of Rs 32,000 crore for this financial year, has already achieved 40% of it.

Till August 16, 89,124 property documents were registered in the state. The official said the total registration of documents across the state till August 16 was 9.70 lakh and the department mopped up Rs 13,022.36 crore as revenue.