Impact of demonetisation on real estate recedes

States' revenues from stamp duty, registration fees give a useful way of examining trend in deals

By all accounts, the cash-intensive real estate sector was badly hit by demonetisation. Sales plummeted as buyers postponed making decisions. But, is the worst for the sector over?
 

A Business Standard analysis of month-wise revenue collection from stamps and registration fees of eight large states shows while revenues have contracted in every month from November to March, the pace of contraction has eased off in the past few months.  

Revenue collected by states from stamps and registration fees provides a useful way of examining the trend in real estate transactions across states. The eight states examined are Andhra Pradesh, Gujarat,