Property Registrations Pick Up in Hyderabad
The rise in the registration was noticed despite the 14--day Pitru Paksha period.
Hyderabad:Property registrations in the city have increased slightly after a 40-day lull following the state government's decision to allow registration of open plots, houses and flats caught in the Section 22-A prohibited properties list. Registrations are expected to increase further from October 11 with the start of Navratri.
Sub-Registrar Offices (SROs), which had seen thin attendance over the past 40 days, witnessed increased crowds at Rajendranagar, Gandipet, Mozamjahi Market, Champapet, Bairamalguda and Keesara.
The rise in the registration was noticed despite the 14--day Pitru Paksha period. Hindu families generally stay away from purchasing properties and cars or planning weddings during this period and wait for Navaratri to begin.
Document writers at the SROs said agreements of sale had also increased. SRO staff said there was also an increase in enquiries from people seeking to check whether their properties were on the prohibited list. “We expect a significant increase in the number of property registrations during the Dasara festival,” said a staffer at the SRO office in Rajendra Nagar.
Officials at the Champapet and Bairamalguda SROs also said the number of registrations had increased. “My property in Bandlaguda was placed in the prohibited list so we had to cancel our agreement of sale and make a new one due to 22A issue. Finally we were able to complete the registration smoothly,” said a woman at the Rajendra Nagar SRO.
Another property owner at the Gandipet SRO said they had stopped the registration process midway because of an issue related to Section 22-A.
“We were informed that we need to get clearance from RDO and Hyderabad collectorate as our property was on the prohibited list. Following this, we delayed the registration and fortunately the buyers also understood our issue. However now the process was seamless as usual and no additional NOCs (no-objection certificates) were required,” he said.