visakhapatnam with property registrations coming to a grinding halt for over a month now due to the longdrawn samaikyandhra agitation nearly rs 850 crore worth real estate transactions have been deferred and the state exchequer has lost out on levy of around rs 50 crore arising out of realty deals said realtors with the registration and stamps department closed as its employees have joined the protests against the division of the state sources said that visakhapatnam district has been losing out on rs 2 crore by way of daily stamp duty collections on various transactions a chunk of which comes from stamp duty on realty while around 30 working days have been lost sources said that while the state has lost out on rs 50 crore by way of stamp duty in vizag alone realty transactions worth around rs 850 crore have now hit a roadblock going by the average transactions that prevailed in the days prior to the samaikyandhra agitation confederation of real estate developers association of india credai chairman b raja srinivas said the sector is badly hurt financially the first issue is registrations that were supposed to take place being stalled many of the buyers have bank loans that were sanctioned but not being disbursed due to lack of registration pointing out that permissions for new buildings from greater visakhapatnam municipal corporation gvmc and title deed approvals from the tehsildars office are stuck he said all file movement has come to a standstill new acquisitions have hit a dead end referring to the roadblock vizag apartment builders association president thalluri sivaji said we are facing problems as construction workers are struggling to come to work because of lack of public transport and now the rising auto fares are making the situation worse also apart from these construction work too has generally slowed down due to the mood prevailing in the sector customers are not coming to see property and even those from the neighbouring places who want to come cant do so because there are no buses during recent interactions most builders said theyve slowed down on projects explained sivaji with around 400 housing projects underway in areas such as gajuwaka pendurthy kurmannapalem madhurwada as well as the heart of the city he said initially there were a lot of enquiries when the separate telangana state announcement was made but now after nearly oneandhalf months people are still thinking they want clarity another realtor pointed out that purchase of new land for turning them into plots too has taken a backseat due to the bifurcation impasse some of the land owners are also sitting pretty and conveniently cite no registrations taking place as a reason when we approach them because they feel that once the situation comes to an end there will be a huge rush and the market will boom purchasers meanwhile are already facing a financial crunch as there is no liquidity in the market sudhakar name changed a marketing agent for a realty firm