Mysore/Mysuru: Revenue from property registrations in Mysuru is poised to decrease due to a decline in property registrations at Sub-Registrar Offices, attributed to the strict enforcement of the Model Code of Conduct for the upcoming Lok Sabha elections.
According to real estate stakeholders, property registration typically experiences a downturn during elections. Many real estate developers, property buyers and investors prefer to wait until after the elections to proceed with transactions. Additionally, the increase in Police and official checks on vehicles carrying large amounts of cash without proper documentation has contributed to the decrease in registrations.
