More than 3,000 properties registered in Mumbai in just 11 days

14 Mar 2023 CW Team

According to the Maharashtra department of registration and stamps, 3,244 properties were registered in Mumbai alone on March 11, generating Rs 249.42 crore in stamp duty and registration fees.

In total, 46,811 conveyance deeds were recorded in the state during the period, generating Rs 877.79 crore in revenue. There is currently a 6% stamp duty fee and a 1% registration fee, in addition to other taxes such as the metro cess and local body tax. Stamp duty has been waived for female homebuyers by 1%.

Real estate experts believe that property registrations will be strong, particularly in the high-priced luxury segment, because capital gains tax will be implemented in April. In fact, the month of February saw the highest revenue collection in Mumbai in the previous five years. The central government's recent move to limit capital gains tax deductions to Rs 10 crore is thought to be a major factor behind the high sales of high-priced homes in Mumbai and other major cities. Experts predict that revenue will be collected at a similar rate in March.

To instill confidence in homebuyers, the MahaRERA real estate regulatory authority is raising awareness to assist them in preventing their hard-earned money from becoming stuck in any stressed project. It has urged them to buy only in RERA-registered projects and after conducting a background check.

The regulator has also issued several dos and don'ts for developers to follow in order to make all information available to the public. A circular informed all developers that they could not use common bank accounts containing 70% of homebuyers' money for multiple projects.

Also Read
Varanasi and Agra lead smart city goals
Bengaluru plans to build four new metro lines

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..