This festive season in the real estate market is set for a record-breaking opening. The housing sector is witnessing tremendous growth. The registration figures in the Ripple Estate sector which had declined in August have now started increasing again during the festive season. There has been an improvement in September. According to the figures of the Registration Department, from April to September 24, Indore district alone has earned an income of 1125.59 crores from registration fee and stamp duty. In the first six months of the last financial year, this figure was 1088.56 crores. This growth was recorded at 3.40 percent.

Talking about Indore-Ujjain region, 15 districts have registered a growth of 6.54 percent compared to last year. The total income of both divisions in the last six months was Rs 1993.21 crore, which has increased to Rs 1993.21 crore.

Good news for Indore in the real estate market of the country

Indore city is emerging rapidly

The favorable and clean environment here and the boom in business activities have given a great boost to the property market of this city. This is the reason why Indore is being recognized as a residential city across the country. People who are looking for a peaceful city to live in the country are rapidly investing in their favorite property in Indore.

Now it has become Rs 2123.47 crore. However, in Indore, the growth in the first half of the year 2022-23 was 34 percent. Indore district accounts for 70 to 80 percent of the revenue among the 15 districts of both the divisions.

This time the target is with a 27% increase

3077 crores

The target of revenue income from registration for the year 2024-25 in Indore district is 3077 crores. In the year 2023-24, this

The target was Rs 2400 crore. Senior District Registrar Deepak Kumar Sharma said that this year’s target is 27 percent more than last year’s target.

According to the government agency ‘India Bond Equity Foundation’, the real estate sector is the fastest growing sector in India. It is like a torch for the Indian economy, which leads many other important sectors. Currently, its contribution to the country’s GDP is around 7 to 8 percent. It is likely to reach around 13 percent by the year 2025.

Know what the statistics say

According to a research, every year only 3 houses are being built per thousand people in the country, whereas the requirement is of five houses. In such a situation, there is a shortage of about 1 crore houses in urban areas and considering the speed at which the population is increasing in cities, the demand for about 2.5 crore additional houses will increase by 2030.

151% in a year

real estate sector

1 trillion dollars by 2030 (approx.

83 lakh crore) is estimated to reach Rs.

Good news for Indore

Indore city is rapidly emerging in the real estate market of the country. The favorable clean environment and the boom in business activities here have given a special boost to the property market of this city. This is the reason why Indore is being recognized as a residential city across the country and people who are looking for a peaceful city to live in are rapidly investing in their favorite properties here.