Demonitisation has led to a drop in the number of registration of properties in Panchkula district. As per official record of land revenue department in the district which comprise Panchkula City, Kalka, Raipur Rani, Barwala and Morni, as many as 500 properties were registered from November 8 to November 30. During the corresponding period last year, a total of 606 properties were registered. In fact, in the previous month between October 8 and October 30, 2016, a total of 692 properties were registered in the district.
Post demonetisation, 212 people got their properties registered in Panchkula City, 155 in Kalka, 53 in Raipur Rani, 65 in Barwala and 15 in Morni. Last year, 227 properties were registered in Panchkula City, 221 in Kalka, 66 in Raipur Rani, 80 in Barwala and 12 in Morni.
Aggarwal, president of Haryana State Property Dealers Association, said that the number of property registration will further decline in coming months. “The deals of the properties which were registered in the month of November were done before demonitisation. There has been no sale/purchase of property in Panchkula post demonitisation,” said Aggarwal.
He further said that due to already sluggish property market, the prices of sale/purchase of both residential and commercial properties have already gone below the collector rate in various parts of the district.
Deputy commissioner (DC), Panchkula, Garima Mittal, said that the situation will get better in next few months. She stated that the district administration has equipped land revenue department with point of sale machines to facilitate customers.