Telangana State Registration Department’s revenue increased by 135 per cent to ₹12,365 crore in the year 2021-22. The revenue for the department was only ₹5,260 crore in 2020-21 mainly due to the adverse impact of the Covid-19 pandemic, according to data of the department. The increase in the financial year ended March 31, 2022 was driven by jump in market value of properties, registration charges and a general upswing in the sale and purchase of all types of properties, a senior official said. The department expects the trend to continue as Hyderabad continues to be a ‘favoured’ destination for investment by corporate as well as individual property buyers.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.