Mumbai’s property registrations witnesses robust momentum in Feb

01 Mar 2022 CW Team

According to data by the Inspector General of Registration, Maharashtra, the commercial capital in the city, witnessed registration of over 10,026 residential deals in February, up by 23% from January.

In February 2020, it had witnessed registration of 5,927 residential deals, and the performance recorded in February has surpassed the pre-covid level by over 70%.

President of Confederation of Real Estate Developers' Associations of India-Maharashtra Chamber of Housing Industry (CREDAI-MCHI), Boman Irani, said Mumbai has strong market growth. Other initiatives boosting the real estate market in Mumbai includes a progressive budget, availability of low home loans rates and a good home buying environment.

Record-low interest rates, incentives, and stable pricing is driving robust responses from homebuyers for nearly six quarters.

The Central Bank is still maintaining its policy of low-interest rates, while the developers are providing attractive offers, due to which the sales trajectory has increased, with monthly sales surpassing the pre-pandemic levels in 2018-2019.

The Mumbai property market has witnessed robust activity since the state government announced a reduction in stamp duty rates in 2020 to boost the real estate sector and other industries linked with it.

The reduction in stamp duty had led to a surge in the number of transactions across various segments, including luxury, mid-income and affordable housing. The stamp duty reduction ended in 2020. However, the property markets across key cities of Maharashtra are still witnessing robust activity.

Image Source

Also read: Property registrations in Mumbai cross one lakh mark in a single year

Property registrations in Mumbai witnessed robust momentum in February, exceeding the pre-pandemic levels two years ago by a wide margin. Due to the reduction in stamp duty, the city has seen monthly registration of over 10,000 apartments. In February, the stamp duty collection was over Rs 561 crore. According to data by the Inspector General of Registration, Maharashtra, the commercial capital in the city, witnessed registration of over 10,026 residential deals in February, up by 23% from January. In February 2020, it had witnessed registration of 5,927 residential deals, and the performance recorded in February has surpassed the pre-covid level by over 70%. President of Confederation of Real Estate Developers' Associations of India-Maharashtra Chamber of Housing Industry (CREDAI-MCHI), Boman Irani, said Mumbai has strong market growth. Other initiatives boosting the real estate market in Mumbai includes a progressive budget, availability of low home loans rates and a good home buying environment. Record-low interest rates, incentives, and stable pricing is driving robust responses from homebuyers for nearly six quarters. The Central Bank is still maintaining its policy of low-interest rates, while the developers are providing attractive offers, due to which the sales trajectory has increased, with monthly sales surpassing the pre-pandemic levels in 2018-2019. The Mumbai property market has witnessed robust activity since the state government announced a reduction in stamp duty rates in 2020 to boost the real estate sector and other industries linked with it. The reduction in stamp duty had led to a surge in the number of transactions across various segments, including luxury, mid-income and affordable housing. The stamp duty reduction ended in 2020. However, the property markets across key cities of Maharashtra are still witnessing robust activity. Image Source Also read: Property registrations in Mumbai cross one lakh mark in a single year

Infrastructure Urban

09 Apr 2026

Mineral Auction Rules Amended To Speed Mine Operationalisation

The Ministry of Mines notified the Mineral (Auction) Second Amendment Rules, 2026 on 30 March 2026 to accelerate operationalisation of mines and improve ease of doing business in the mining sector. The amendment follows a prior change to the Mineral (Auction) Rules, 2015 effected on 17 October 2025 that introduced intermediary timelines between issuance of a letter of intent (LoI) and execution of the mining lease. The 2025 change provided that one per cent of performance security would be appropriated for each month of delay by the preferred bidder and introduced incentives for early operatio..

Infrastructure Transport

09 Apr 2026

Indian Railways Strengthens Telecom And AI Safety Systems

Indian Railways strengthened its telecom and digital infrastructure during 2025-26 with the aim of improving safety, operational efficiency and the passenger experience. The programme promoted modernisation through advanced technologies, robust communication systems and passenger-centric solutions. These measures were presented as part of a drive to build a digitally integrated rail ecosystem. A key development was the enhancement of the Internet Protocol Multi-Protocol Label Switching (IP MPLS) backbone, commissioned at 1,396 stations to meet bandwidth needs of mission-critical applications. ..

Infrastructure Transport

09 Apr 2026

NHAI Holds Workshop on Litigation Management and Coordination

The National Highways Authority of India (NHAI) organised a day-long workshop in New Delhi to strengthen capacity and interdepartmental synergy for faster execution of national highway projects. The event was held under Mission Karmayogi – Sadhana Saptah, an initiative of the Government of India to enhance governance through capacity building and improved processes. The workshop focused on structured and solution oriented deliberations to address implementation constraints. The session was chaired by the NHAI chairman Santosh Kumar Yadav and brought together senior officials from NHAI, the M..