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State’s revenue gets effected due to slow down of realty in Maharashtra

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Realty market is now playing a major role in revenue collection across the nation. According to the sources of www.propertykhazana.com the score card of the revenue is getting lower then the previous year due to the effect on the property business in the state. There were many reasons of depleting the revenue of the state of which high interest rates is mean to be the top of the list reasons. It was just 15% growth for the collection of revenue which mainly comes from the registration and the stamp duties during any property transaction. This percentage is much lower than what was achieved in previous year touching the level of 31% of the total revenue collected in the state.
However it was a challenging year for every business in the market with comparatively slow rate of improvement but even though realty managed a successful climb in the ladder. Higher inflation rate and higher rate of interest imposed by the banks are the key reasons to all these back drops. There for a high profile meeting of the analyst is sure on the weekend to give a proper shape to the dwelling market of the country.
Source: NIMMA BENGALURU

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