After demonetisation woes, Indore’s land registry department’s income still up 20%


By Accommodation Times Bureau

As the real estate market recovers from the effect of demonetisation and buckles up for the implications of GST and Real Estate (Regulation and Development) Act 2016 (RERA), the district stamp and registrar department has witnessed a growth of around 20 per cent in its revenue.

With friendly government schemes, experts and senior administrative officials were of the opinion that the sector would recover faster as they expected good sales.

Their predictions held true as a report from the registrar’s office showed income rose by Rs 32 crore.

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