2 divs see 3.5L property sale registrations, log 11% growth

  • | Thursday | 7th December, 2023

Indore: Sales of property in Indore and Ujjain divisions in the last eight months of this fiscal year have jumped by 11 per cent from the same period a year ago due to a surge in registration of sale deeds for commercial property and plotted projects.Sales of property have jumped year on year from April to November though a dip in November was witnessed due to assembly elections.In Indore, income fromproperty registrations in November decreased to Rs 171 crore from Rs 190 crore in October, shows data from revenue department.Income from property registrations between April 2023 and November 2023 across 15 districts in Indore and Ujjain divisions stood at Rs 2604 crore as against Rs 2334 crore, official data showed. In the ongoing financial year until November, 3,51,979 property were registered in Indore and Ujjain divisions. In the region, the highest number of property were registered in Indore clocking revenue of Rs 1450 crore.Indore region deputy inspector general of registration Balkrishna More,said, There has been an increase of 11.6 per cent in revenues from property registrations in Indore and Ujjain divisions. Shajapur, Khargone, Agar, Alirajpur and Indore have witnessed major spikes in property sales in the last eight months of the current fiscal. The rise in property purchases has led to a decline in unsold inventory of flats and row houses in the city by around 30 per cent, said developers.They said, the boost in infrastructure development in Indore and surrounding followed by footfall of speciality hospitals and academic infrastructure, has fuelled the property market. Confederation of Real Estate Developers Association of India (CREDAI), Indore chairman Gopal Goyal said, Its a very good period for the real estate. There is genuine demand from home buyers and people looking to invest for the future as the region is growing by leaps and bounds. In the central zone, Indore and surrounding cities have undergone significant makeover and development.Developers said, in Indore, property prices have jumped sharply in bypass, Nipania, Jhalaria and Rau areas amid high demand from homebuyers.We also published the following articles recentlyRegistration of properties delisted from prohibited 22(A) category picks up intensity in TirupatiTirupati MLA Bhumana Karunakar Reddy, along with the YSRCP government, resolved the six-decade-long issue of property registration for 5,431 families in Tirupati. These families, belonging to the lower income strata, were unable to register or dispose of their properties due to the 22(A) category prohibition. After representations were made by Reddy, the state government delisted 636.38 acres of land, granting ownership rights to the property owners. To instill confidence, Tirupati deputy mayor Bhumana Abhinay Reddy acted as a witness during the registration process.Madhya Pradesh: Man booked for having sex with 70-year-old mothers corpse in IndoreA 22-year-old man in Indore, Madhya Pradesh, who is mentally unwell, was caught having sex with the corpse of his deceased 70-year-old mother on a street. The police have filed an offence against him under section 297 of the Indian Penal Code. No arrest has been made yet. The incident occurred in the Badi Gwaltoli area on the night of December 1 and 2. Two students captured the incident on a mobile phone and reported it to the police.Pune rail division sees revenue increase in November compared to last yearThe Pune railway division generated Rs 143.69 crore in revenue in November 2023. Passenger traffic revenue was Rs 99.76 crore, exceeding the monthly target by 5.5% and increasing by 9.9% compared to November 2022. Revenue from ticket checking was Rs 3.09 crore, surpassing the target by 28.8% and growing by 57.7% from November 2022. Various coaching activities generated revenue of Rs 11.25 crore, a 30.3% increase from November 2022. Freight trains contributed Rs 31.11 crore in revenue, while parcel services and sundry activities earned Rs 2.46 crore and Rs 1.57 crore respectively.

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