Property registrations in Indore recorded a 60% jump in June

06 Jul 2021 CW Team

Indore property registrations in June have jumped by 60%, compared to the previous year, led by the sales of plots and affordable properties despite the second wave of the Covid-19 pandemic.

This year in June, a total of 11,500 properties in Indore were registered, generating an income of Rs 166 crore, as per the data from the registrar's office. Last year in the same period, an income of Rs 104 crore was generated with 6,771 property registrations.

The property registrations were closed from April 21 to May 12 due to the Covid-19 pandemic restrictions.

Confederation of Real Estate Developers Association Indore (CREDAI) President Naveen Mehta told the media that the plot segment in the Indore market is doing significantly well. The demand for plots, affordable housing, and a few benefits on guidelines led to an increase in property sales last month. Medium-sized plots of 800-1,000 sq ft in the range of Rs 15 lakh to Rs 25 lakh are in most demand in the market.

Real estate agents expect demand for plots to drive the real estate market due to better appreciations and options available in the market. In April, 4,472 properties were registered with an income of Rs 44 crore, while in May, 1,823 properties were registered, generating Rs 30 crore.

Image Source

Also read: Mumbai notes 47% decline in residential property registrations in May

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..