Realty Business Intelligence

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

The welts of RERA and GST has shown its impact on the real estate market as official records of the 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.

Source: ET Realty