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Property registration up by 10% in Indore

Property registration up by 10% in Indore

District stamp and registrar department has witnessed a surge of around 10 per cent in number of property registrations due to increasing demands in affordable housing segment. Still, local office is expected to fall short of around Rs 200 crore from its annual target of Rs 1340 crore.

This financial year, local stamp and registrar department has witnessed number of property registrations crossing the 95,000 mark and with still five days remaining, the figure is expected to cross one lakh for the first time. “The department had a target of Rs 1340 crore for 2018-19. We have collected around Rs 1090 crore revenue through property registrations,” senior district registrar BK More told TOI.

Mar 28,2019 | Economic Times
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