by news reports registrar offices closed year with 750 crore collection.
This would be a mix of rates even if assume higher rate of 10% - it comes to 7500 crore
Assuming white and black to be 1:1 - 15000 crore
and there is at least 30% on power of attorney, and other means where registry is avoided , then easily 20,000 crore annual market
and here we are excluding ares falling in jurisdiction of Mhow registrar or further dewas and dhar
Also key price indicators like iit, infosys, tcs , first integrated townships, railway station in rau etc are yet to materialize....