jaipur real estate market has been on an upswing and showing signs of steady revival as per the stamp duty and registration charge collections that have registered over 41 growth in the first five months of the current financial yearduring the aprilaugust this year the department earned rs 222426 crore compared to rs 157281 crore in the same period last year posting a growth of over 41 while 202021 was considered a covid year when the demand shrunk significantly the stamp and registration collection in the year revered sharply in the latter half of the yearin 201920 during the comparable period aprilaugust the collections stood at rs 179118 crore which came down to rs 157281 crore in 202021 a decline of 12 but in the current year the growth has surged to 41property developers in the city said the growth in governments income over the past five months reflects some momentum on the ground and there are several factors that drive the uptickanand mishra vicepresident of credai rajasthan said we cannot deny that these numbers come on a low base as during the first half of the 2020 lot of demand destruction happened but currently the demand is certainly rising riding on reduction of stamp duty pentup demand and supply of new projectssome in the real estate industry said that today it is not purely an endusers market as investors are also seeing opportunities at lower price propositionsrajesh dukia director of a real estate firm said the current demand is driven both by the endusers as well as investors covid has pushed people to buy a second home who were earlier reluctant secondly people find value in real estate nowdukia said that all other asset classes like gold silver and equity markets are already trading at record high levels people are edgy to invest in equity markets at these higher levels on the other hand property market has hit rock bottom in terms of prices thats why investors are now looking at real estate as a safe haventhe pandemic has also forced people not to lend in the grey market fearing defaults dukia said that businesses are still in lot of trouble and the risks in the grey market has increased this has diverted come capital into the real estate added dukia