Property registrations across Karnataka halted as state announces lockdown

14 May 2021 CW Team

Property registrations in Karnataka have come to a pause, as the state has shut down all 243 sub-registrar offices temporarily after the state announced a two week lockdown.

With the halting of property registrations, the real estate industry is worried that the registration of apartments will be delayed, affecting developers’ cash flows.

The Confederation of Real Estate Developers Associations of India (CREDAI), Bengaluru, told the media that the cash flows would be impacted as banks will release housing loans only after registration. Buyers will not be able to avail of capital gains exemptions. The state government also stands to lose revenue from stamp duty and registration fees, said CREDAI, Bengaluru.

Officials of the stamps and registration department do not know when the process will resume. An official told the media that it depends on the Covid situation and the speed of decreasing cases in the state.

During the nationwide lockdown between March 24 and April 25 last year, Karnataka lost out on around Rs 1,000 crore in stamp duty, and registration charges as real estate transactions fell sharply.

Revenue Minister R Ashoka said it is an important revenue source for the state government. Every month, the department collects Rs 800 crore to Rs 1,000 crore, said Ashoka.

In 2020-21, around 19 lakh properties were registered in the state, generating revenue of Rs 10,480 crore as against the revenue target of Rs 12,655 crore. The target for 2021-22 has been kept unchanged.

Another senior official of the revenue department said that delayed registration did not mean revenue losses. According to the official, buyers will have to register their properties once the process restarts.

Image Source

Also read: Property launches jump 12%

Also read: Property registrations in Mumbai drop by 50% in April

Also read: Affordable housing keeps real estate sector afloat: PropTiger

Property registrations in Karnataka have come to a pause, as the state has shut down all 243 sub-registrar offices temporarily after the state announced a two week lockdown. With the halting of property registrations, the real estate industry is worried that the registration of apartments will be delayed, affecting developers’ cash flows. The Confederation of Real Estate Developers Associations of India (CREDAI), Bengaluru, told the media that the cash flows would be impacted as banks will release housing loans only after registration. Buyers will not be able to avail of capital gains exemptions. The state government also stands to lose revenue from stamp duty and registration fees, said CREDAI, Bengaluru. Officials of the stamps and registration department do not know when the process will resume. An official told the media that it depends on the Covid situation and the speed of decreasing cases in the state. During the nationwide lockdown between March 24 and April 25 last year, Karnataka lost out on around Rs 1,000 crore in stamp duty, and registration charges as real estate transactions fell sharply. Revenue Minister R Ashoka said it is an important revenue source for the state government. Every month, the department collects Rs 800 crore to Rs 1,000 crore, said Ashoka. In 2020-21, around 19 lakh properties were registered in the state, generating revenue of Rs 10,480 crore as against the revenue target of Rs 12,655 crore. The target for 2021-22 has been kept unchanged. Another senior official of the revenue department said that delayed registration did not mean revenue losses. According to the official, buyers will have to register their properties once the process restarts. Image Source Also read: Property launches jump 12% Also read: Property registrations in Mumbai drop by 50% in April Also read: Affordable housing keeps real estate sector afloat: PropTiger

Infrastructure Urban

07 May 2026

Vedanta Reports Record Profit in FY26

Vedanta reported its best-ever financial performance in FY26, with profit after tax of Rs 250.96 billion and revenue of Rs 1.74 trillion, supported by operational excellence across businesses. The company delivered nearly 50 per cent total shareholder return and declared a dividend of Rs 34 per share.Vedanta said its net debt-to-EBITDA improved to 0.95x, strengthening financial flexibility. Its demerger, effective 1 May 2026, is aimed at unlocking value by creating focused businesses across aluminium, oil and gas, power, iron and steel, zinc, copper, nickel and ferro alloys.Vedanta Aluminium p..

Infrastructure Energy

07 May 2026

KEC Wins Orders Worth Rs 10.02 Billion

KEC International, an RPG Group company and global infrastructure EPC major, has secured new orders worth Rs 10.02 billion across its key businesses.In Transmission and Distribution, the company has won orders for projects in India and the Americas. These include ±500 kV HVDC transmission lines from a private developer in Western India, 132 kV cabling works from a steel producer in Eastern India, and the supply of towers, hardware and poles in the Americas.The renewables business has secured an order for a 100+ MW wind project in Southern India from a private developer. In transportation, KEC..

Infrastructure Urban

07 May 2026

Hindustan Zinc Opens Cath Lab in Udaipur

Hindustan Zinc recently inaugurated a state-of-the-art Cardiac Catheterisation Laboratory at Rabindranath Tagore Hospital, Udaipur. The facility was inaugurated by Gulab Chand Kataria, Governor of Punjab and Administrator of Chandigarh, in the presence of local MLAs, RNT Hospital leadership and senior Hindustan Zinc officials.The Cath Lab follows an MoU signed earlier between Hindustan Zinc and RNT Hospital for the redevelopment and upgradation of the hospital into a future-ready, multi-speciality healthcare facility. Equipped with advanced cardiac technology, it will support minimally invasiv..