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

Building Material

18 Sep 2025

Enlight Metals Targets Rs 12 Billion Sales by FY27

Enlight Metals, one of India’s fastest-growing metal aggregators, has reported sales of over Rs 1.50 billion in FY25 and is on track to cross Rs 4 billion by March 2026. Backed by its technology-led distribution model, the company aims to achieve Rs 12 billion in sales by FY27, redefining steel supply for OEMs and industries across India.In the current fiscal year, Enlight has already supplied 40,000 metric tons of steel, underscoring rising industry reliance on its model. The company has set a target of 1,00,000 metric tons annually by FY25-26, supported by the expansion of its dark-store n..

Mangalam Worldwide to Migrate to NSE Main Board Effective September 18

Mangalam Worldwide (MWL), a fully integrated stainless-steel manufacturer, has received final approval from the National Stock Exchange of India (NSE) to migrate its equity shares from the SME Platform (Emerge) to the Capital Market Segment (Main Board). The migration will take effect on September 18, 2025.The migration, involving 2,97,00,674 fully paid-up equity shares with a face value of Rs 10 each, marks a major milestone in MWL’s growth journey and reflects its strong business fundamentals and market confidence.Commenting on the development, Chandragupt Prakash Mangal, Managing Director..

Aquajet Unveils Calculator 3.0 App

The revitalised app offers a comprehensive suite of tools that allow users to calculate critical values such as pressure, flow, nozzle size, hose pressure drop, removal capacity, pump configuration, and more. It also enables easy metric/U.S. conversions, while allowing users to save and share robot configurations for future reference.“We’re committed to empowering contractors with Hydrodemolition equipment that enhances precision, productivity and profitability,” said Roger Simonsson, Managing Director of Aquajet. “The Aquajet Calculator 3.0 app strengthens that commitment by helping u..