While the conveyance deeds have remained static in the last three months, registrations by way of leave and license as also lease contracts have shown a steady rise.
Conveyance deedsTill February-end, the records show the registration of 28,052 conveyance deeds, with the graph peaking in September with 3,011 conveyance deeds. Thereafter, it dropped and has been averaging around 2,500 deeds per month.
Leave and License agreementsMeanwhile, there has been an increase in registration of leave and license agreements as also lease contracts in the corresponding period. The leave and license agreements which was at its lowest in November last year at 1,020 has been showing upward movement since then. Having touched 1,431 in December. The number of such agreements peaked jumped to 1,878 in January and before steadying at 1,773 in February
Pune Real Estate Slowdown - with fewer transactions happening and values holding, the real estate action has shifted to the rental front (?)
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