Property registrations up in Maharashtra!
Real Estate

Property registrations up in Maharashtra!

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.

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.

Next Story
Building Material

Viva ACP Unveils Bricklyn: A Fusion of Tradition and Innovation

Viva ACP, Asia’s largest aluminium composite panel (ACP) manufacturer, has launched Bricklyn, a new addition to its Santa Fe series. Inspired by the strength of traditional bricks and reimagined with contemporary design, Bricklyn merges heritage aesthetics with advanced technology.The design draws from Brooklyn’s urban energy and the stacking ingenuity of Jenga, offering structural integrity, aesthetic appeal, and creative flexibility. Available in a range of muted and bold hues, the panels allow architects to craft dynamic, visually striking façades.Engineered using Stucco Textures and S..

Next Story
Infrastructure Transport

GMLR to Transform Mumbai's Real Estate Landscape

The Goregaon-Mulund Link Road (GMLR) is set to reshape Mumbai’s real estate market by significantly improving east-west connectivity. The 12.30 km project, featuring 6.65 km twin tunnels under Sanjay Gandhi National Park, will cut travel time between Goregaon and Mulund from over an hour to just 25 minutes. With Rs 19.58 billion allocated in BMC’s 2025-26 budget and completion expected by 2028, the GMLR is a key urban development milestone.The GMLR is expected to spur real estate activity in Mulund, Malad, Borivali, and Goregaon. Nishant Deshmukh, Founder and Managing Partner of Sugee Grou..

Next Story
Infrastructure Transport

BLR Airport & Menzies Aviation Unveil India’s Largest Domestic Cargo Terminal

Kempegowda International Airport Bengaluru (BLR Airport), operated by Bangalore International Airport Limited (BIAL), has partnered with Menzies Aviation to launch India’s largest Greenfield Domestic Cargo Terminal (DCT). Spanning 245,000 square feet, this state-of-the-art facility significantly enhances BLR Airport’s cargo handling capabilities, improving efficiency, connectivity, and sustainability.Enhanced Capacity & Advanced InfrastructureCovering seven acres, the terminal has a peak handling capacity of 360,000 metric tons, expandable to 400,000 metric tons. Equipped with 42 t..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?