pune the real estate sector in the state has started the 202223 fiscal on a steady note despite the 1 metro cess and rise in ready reckoner rr rates from april 1 the first quarter of the financial year is likely to generate more registration and revenue figures as compared to the similar period in 202021 and 202122data revealed that while april recorded 211 lakh registrations mays registrations were at 222 lakh property registrations are nearing 1 lakh in the first 12 days of june maharashtra inspector general of registration and stamps igr shravan hardikar said property registrations have continued to be steady many people who had paid their stamp duty in the last month of the 202122 fiscal got their properties registered in april and may there is no slump in overall registrations as well he said there was a slight dip in april which was expected the rate picked up from may and has been steady since then the registrations are likely to be the highest in the first quarter as of this fiscal compared to the period in the last two yearsreal estate observers said despite inflation rising input costs and the rise in stamp duty home buyers continued to get their properties registeredconfederation of real estate developers associations of india vicepresident national shantilal kataria said the rush at developers offices is higher this year than during the last year especially in cities such as pune mumbai navi mumbai and nashik despite the 1 metro cess and higher rr and home loan ratessamantak das chief economist and executive director at jll research india said residential sales reflected through government registration data and market surveys in pune and mumbai have shown a significant recovery after the initial two waves of covid pandemic das said it should be kept in mind that sales were initially backed by affordable synergy in the form of decadal low home loan interest rates realistic property pricing stamp duty reduction and various other impetus but even after the rise in the rr rates and introduction of metro cess the sector was not affectedhe said the importance of ownership has significantly increased after the pandemic with even the younger generation keen on buying houses till now the increase in emis is not deterring home purchasesanuj puri chairman of anarock group said the state numbers continued to grow in may in comparison to the preceding month indicating the ongoing robust demand for houses the combined pressure of the new metro cess increased home loan interest rates and the gradual upward journey of property prices has not dampened homebuyer sentiment if we compare the figures of may 2022 with that of may 2021 there has been an 104 growth in overall sales registrations in the state in may 2021 when the state was facing the second covid wave 66631 sales were registered this had contributed over rs 875 crore to the state revenues he said