Over 45% dip in property registrations across Maharashtra in last 3 days

By | November 14, 2016

The state department of registration and stamps has registered a 45% dip in property registrations in the state in the last two days, following demonetisation of Rs 500 and Rs 1,000 notes.

While the daily normal average registration across the state is 8,000 documents, the numbers fell to 4,273 and 3,930 over the last two days. On November 8, registrations were at 7,175. A three-day weekend from Saturday to Monday (Guru Nanak Jayanti) means the registration department will have to wait until Tuesday to return to normal.

All divisions in the state noted a nearly 40-50% fall in registrations with Nashik division recording the maximum dip of 55%. Amaravati, Aurangabad, Nagpur and Latur saw an around 50-51% fall, Thane a slump of 44% while registrations in Pune and Mumbai were hit by 36%, according to statistics provided by the department.

Source: Economic Times