gandhinagar after a lull gujarats real estate sector has started looking up and is reflected in the governments income from the stamp duty and registration fee going up this year the collections had been in the negative last year largely due to discounts and hopes that the market will revive in coming months as compared to last years average monthly collection of rs 209 crore from april to october the government collected rs 396 crore per month in the same period this year investors and buyers have started investing again as they feel that the market rate will increase soon after lok sabha elections says yogesh bhavsar the president of gujarat institute of housing and estate developers gihed jaxay shah vicepresident of the confederation of real estate developers associations of india credai says the good monsoon has revived the industry the government collected rs 277670 crore between april and october this year in 201213 the revenue department had missed the budgetary estimate of rs 5000 crore and even revised the target of rs 4800 crore it collected only rs 442451 crore about rs 600 crore less than the estimate however the department is hopeful of achieving the rs 5000 crore mark this year except for june we have been registering better growth every month our monthly average collection is almost rs 187 crore higher than the last years average during the same period usually it is in february and march that people rush to register their properties and hence we expect good collections in the last quarter said a senior official it is for the third consecutive year that the government has not increased its target for stamp duty collection and registration fees keeping it at rs 5000 crore while the revenue targets for value added tax vat and other taxes have been increased substantially figures suggest that the size of the states real estate sector reached rs 76271 crore in 201213 this does not reflect the undervalued property transactions inputs from himanshu kaushik