Mumbai property registrations set a new high record for July

31 Jul 2021 CW Team

Property registrations in Mumbai have set a 10-year record for the month of July with more than 9,000 registered deals in the month.

Those who purchased properties and paid stamp duty on or before March-end can register their deals in a maximum time period of four months until July 31 from the date of stamp duty payment. The Maharashtra government proposed the relaxation of four months in December to avoid crowding of registration offices.

As indicated by the data from the Inspector General of Registration (IGR), Maharashtra, up 16% from 7,856 a month ago and a jump of 242% from 2,662 in July 2020, over 9,027 deals were registered in the country’s commercial capital in July.

The collection of stamp duty increased in July to Rs 512 crore and up 23% from June’s Rs 420 crore collection. The pre-pandemic performance of Rs 452 crore in June 2019 has been outperformed by the collection.

Owing to the spill-over effect of the benefit of lower stamp duty that was proposed, it is the third month of robust growth in property registrations in Mumbai until March end with a four-month relaxation to finalise the deal.

Owing to the lockdown and the government’s decision to withdraw the benefit of lower stamp duty, the momentum in registering property transactions in the city had started diminishing in May.

Image Source

Also read: Property registrations in Indore recorded a 60% jump in June

Also read: Pune notes more housing sales in first half of 2021 against last year

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..