January Property Registrations Have seen a Significant Rise in the State

Feb 02, 2017 Share


After demonetization had hit the country by November, 2016, it took no time to engulf the market with a number of weird speculations. And, the real estate sector was one of those major industries that got highly affected by the move.   However, the much-awaited presentation of union budget has now showed a different scenario, stating the rise of property registrations in Maharashtra.

Although the daily property registrations in the state experienced a decline of 24% after demonetization, a recent survey states that it has now increased by 1% in the Pune division, while in Mumbai and Thane, the listings have shown a rise of 7% and 9% respectively. Also, more registrations are expected to smack the platform in the near future. People adhering to the wait-and-watch policy were supposed to await the union budget and with its arrival on yesterday, they are quite likely to go with the drift and opt for their dream properties.

Also, there was a strong belief that the union budget would come with an array of lucrative incentives for the home buyers and this assumption proved to be nothing but a boon for the entire real estate industry. Also, according to a number of top officials, the dominant outlook on withholding the purchase decision had primarily led to a significant decline in the property listings. Although the situation has improved, but until the tax burden on the home buyers will take the edge off, a steady rise in the registrations can never be expected.   

Share Your Comment 0 Comments

Investment Opportunities

  • Price on Request
    Purvankara presents Purva Silversands 1, 2, 3 and 4 bhk apartments project in Keshav nagar, Pune which is a project spread across...
  • ₹ 65 L - ₹ 85 L
    Godrej Properties Launching Pune’s first community dedicated to Healthy living, Godrej Rejuve at Keshavnagar. A remarkable p...
  • Duville Riverdale Heights, by Duville Estates, presents an array of 1 bhk & 2 bhk new launch flats at Kharadi, Pune. An ideal...
  • Vascon and Clover Builders brings to you Forest County spacious 2 bhk and 3 bhk new launching apartments in Kharadi, An 18 acres l...
  • Price on Request
    Vascon Forest Edge developed by the Vascon Group, the under construction residential apartments in kharadi with wide range of amen...
  • ₹ 66.72 L - ₹ 73.27 L
    Nyati Elysia II, New launch residential project at Kharadi, Pune. Developed by Nyati Group offering 2 BHK flats in Kharadi Pune. T...
  • Price on Request
    Ganga Platino III , by Goel Ganga Developments presenting premium 2 & 3 BHK XL Residences in Kharadi, Pune. Luxurious livin...
  • ₹ 62.6 L - ₹ 98.06 L
  • Price on Request
    Vascon and Clover Builders brings to you Forest County 2 bhk and 3.5 bhk under construction apartments in kharadi, An 18 acres lu...
Disclaimer - The particulars contained on the mentions details of the Projects/developments undertaken by the Company including depicting banners/posters of the Project. The contents are being modified in terms of the stipulations / recommendations under the Real Estate Regulation Act, 2016 and Rules made thereunder ("RERA") and accordingly may not be fully in line thereof as of date. You are therefore required to verify all the details, including area, amenities, services, terms of sales and payments and other relevant terms independently. FourrWalls does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the information contained herein. You are advised to conduct an independent verification before entering into any transaction.