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

Real Estate

03 Apr 2026

Loomcraft Enters South India with Kerala Store Launch

Loomcraft has launched its exclusive store in Kerala, marking its entry into South India and a key step in its nationwide expansion strategy. The move targets a region driven by tourism and premium real estate demand, where outdoor spaces play a central role in hospitality and residential experiences.Kerala’s growing base of luxury resorts, boutique hotels, villas and gated communities has created strong demand for specialised outdoor furniture. However, the region has remained underserved, with buyers relying on imports or generic products not suited to humid, coastal and monsoon-heavy cond..

Mild Steel Prices Seen Rising to Rs 61,000 Per Tonne

Mild steel prices in India, currently around Rs 58,000 per tonne, are expected to rise to nearly Rs 61,000 per tonne in April, indicating an increase of about Rs 3,000 per tonne. The anticipated rise reflects structural pressures driven by geopolitical tensions, energy constraints and limited raw material availability.Ongoing global conflict has disrupted energy markets, leading to LNG shortages that are affecting domestic steel production. Small and mid-sized manufacturers, particularly those dependent on gas-based processes, are witnessing production cuts due to constrained energy supply, re..

Vedanta Expands Transgender Workforce to 75 Employees

Vedanta has strengthened its commitment to workplace inclusion by employing 75 transgender individuals across its businesses, including Vedanta Aluminium, Hindustan Zinc, Sesa Goa, FACOR and Cairn Oil & Gas. The initiative reflects sustained hiring efforts since 2022 to build equitable opportunities across operations, corporate and technical roles.Transgender employees are engaged in functions such as operations, finance, logistics, HR, CSR, healthcare and security, with provisions for internal mobility to support career progression. The company has implemented structured policies, includi..