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No impact of note ban on registration of properties: Minister

Press Trust of India  |  Chandigarh 

has recorded a "slight increase" in registration of properties after of old notes of higher denominations, State's Minister Abhimanyu said here today.

"The had no adverse impact on the registration of properties in the state," he said in a release, and described the "as a very significant decision in the interest of the country".

He said that this difference in number of registries has been revealed after comparison of their data between November 1 to 8, 2016 and after announcement of demonetisation, "that is from November 9 to 21".

Abhimanyu said that 8,648 properties were registered in various districts in the state from November 1 to 8 as against registration of 8995 properties from November 9 to 21.

The working days in both periods--that is from November 1 to 8 and from November 9 to 21 were almost the same, leaving out five holidays which fell in the latter period.

He said that a maximum of 1032 registries were made in district Gurugram from November 9 to 21 as compared to 952 from November 1 to 8.

Similarly, in Faridabad 676 registries were recorded after demonetisation up to November 21 whereas 537 properties were registered between November 1 and 8.

The Minister said that in Nuh, 222 registries were recorded after demonetisation as compared to 150 before demonetisation of the higher denomination currency notes of Rs 500 and Rs 1000.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 28 2016. 21:42 IST