Bengaluru's October property registrations plummeted 21% to 5667, down from September's 7167, primarily due to the BBMP's new e-khata system. This digital khata system, while aiming for efficiency, caused server delays and hampered registrations. Experts attribute the drop to temporary operational issues, not a market downturn, anticipating a rebound once technical glitches are resolved. Concerns remain, however, with CREDAI Bengaluru highlighting significant financial impacts.
