+
Property registrations in Indore recorded a 60% jump in June
Real Estate

Property registrations in Indore recorded a 60% jump in June

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

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

Next Story
Infrastructure Urban

Hindmetal Pioneers EM Tech in Mineral Exploration

Hindmetal Exploration Services (HESPL), a wholly owned subsidiary of Hindustan Zinc, has become the first company in India to deploy advanced Electromagnetic (EM) technologies for mineral exploration. The initiative marks a major leap in the nation’s ability to identify hidden mineral resources with unprecedented precision.The breakthrough involves two cutting-edge tools: borehole EM, which detects and maps conductive ore bodies such as sulfide deposits in high detail, and SQUID surface sensors, which capture even the weakest electromagnetic signals—ideal for spotting low-conductivity or d..

Next Story
Infrastructure Urban

Autodesk Launches Local Data Storage for India

Autodesk has announced the launch of localized data storage in India, enabling businesses and public sector organizations to store and manage project data within the country. This expansion, part of Autodesk’s global regional offerings, supports regulated sectors such as government, infrastructure, and utilities by meeting compliance requirements while ensuring enterprise-grade security, privacy, and data recoverability.The move comes as Autodesk’s 2025 State of Design & Make report reveals that while digital transformation drives significant ROI in the architecture, engineering, const..

Next Story
Infrastructure Urban

Rosatom Opens Pilot Uranium Facility at Tanzania’s Mkuju River Project

Mantra Tanzania, a subsidiary of Uranium One Group (part of Rosatom), has commissioned a pilot uranium processing facility at the Mkuju River project in southern Tanzania. The inauguration, attended by Her Excellency Samia Suluhu Hassan, President of the United Republic of Tanzania, alongside senior government officials, community leaders, and Rosatom representatives, marks a major step forward in Russia–Tanzania nuclear energy cooperation.Alexey Likhachev, Director General of Rosatom, said: “Rosatom offers its cutting-edge uranium processing technologies to unlock Tanzania’s geological ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?