stamp duty revenue: Hyderabad real estate market achieves record stamp duty revenue despite rising prices
Hyderabad, Indias largest property market, has seen a record-setting surge in stamp duty revenue collection in November, with property registrations rising by 25% YoY to over 6,268 deals. The total value of properties registered stood at Rs 3,741 crore, a 29% YoY increase. The Reserve Bank of Indias decision to maintain stable interest rates since April 2023 has bolstered homebuyer confidence in Hyderabad, leading to consistent growth in sales.
Source: indiatimes.com