Nagpur property boom shifts to rural areas
* However, in Nagpur Division, stamp duty collection registers a dip on account of high prices resulting in realty market slump, increased target to department * Nagpur Rural and Gadchiroli exceed the given targets at the end of October itself By Kartik Lokhande After exceeding target for two consecutive years, stamp duty collection in Nagpur Division has dipped at the end of October this financial year. According to officials, the collection is almost 10 per cent lesser than expected. The official data makes an interesting revelation that due to high property prices in Nagpur city, the demand for property is more in Nagpur Rural resulting in the latter area exceeding the target at the end of October itself. Senior officers in the Department of Registration and Stamp Duty told ‘The Hitavada’ that the dip in collection could be attributed to a variety of reasons. However, they said, the main reason was slump in realty market. “High prices of properties has resulted i...