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
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?