Maharashtra Second Quarter Property Registrations Top 2019

The registration of properties across Maharashtra in the second quarter of the ongoing financial year has outpaced the number of registrations in the corresponding quarter in the pre-pandemic 2019-20 fiscal. As per data available with the state registration department, Rs7,507 crore was collected in revenue during the July-September quarter, slightly higher than the Rs7,112 crore earned during the same period in 2019. Officials said they were expecting increased registrations and revenue this month too, with the impending rollout of the e-registration facility — software that would allow developers register properties right from their offices. Senior government officials, however, pointed out that there were no sops this year, such as reduction in stamp duty that was announced last year, to boost revenue and registrations. Despite this, with the festive season around the corner, developers said they were expecting an increase in registrations. The state registration department will roll out software next week that would allow developers to register properties right from their offices. The software is being tested right now with the help of 350 developers, most of them from Pune and Mumbai. Hardikar on Saturday said operators and developers will be trained in using the software, which is aimed at streamlining the entire process.