Maharashtra : Glut hit 부동산 시장, 괜찮은 성장 기록. Maharashtra: Glut-hit property market records decent growth
[INDIAN REAL ESTATE NEWS] Good morning, everyone. I’m Kim suhyeon staff of Kamagroup Pvt. Ltd. Here I have an important Indian real estate news to share with you which is as undermentioned.
Though reports of glut have sent a chill through state’s real estate market, it could not slow down the momentum of real estate activities. Furthermore, it has also helped the state government to increase its share of revenue by manyfold.
According to the state government data, in 2017-18, 29.93 lakh property registrations were reported across the state. The jump is noteworthy. In 2013-14, 23 lakh property transactions were registered at the government registration department across the state, while in 2014-15, 22.97 lakh property transactions were registered. In 2015-16 the figures were at 23.08 lakh and in 2016-17, it jumped to 29.12.
The revenue of the state government has also improved drastically. In 2015-16, the total revenue earned through the stamp duty and registration charges were Rs 21,010 crore while it jumped to Rs 26,535 crore in 2017-18.
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