Mumbai records property sale registration of 11,744 units in April 2022

04 May 2022 CW Team

April 2022 recorded property sale registration of 11,744 units in Mumbai making it the best April month in the decade, as per the Knight Frank India reports. The property sale registrations of 11,744 units in April 2022, contribute over Rs 738 crore to the state revenues.

As per the assessment, 55% registrations were in the price band of above Rs 1 crore while in terms of apartment size, mid-sized homes (ranging between 500 and 1000 sq ft) were the most preferred category of property registered in April 2022.

The number of units registered in April 2022 was the best in a decade for the month of April, while monthly state revenue collections were at a 10-year high for the April month.

April 2022 recorded property sale registration of 11,744 units, making it the best April month in the decade, followed by April 2021 when sale registrations of 10,136 units took place. Both were preceded by record high March months, where March 2021 gained traction as it marked the end of stamp duty waiver (3% stamp duty applicable rate), while March 2022 saw higher sales as it was the last month before introduction of additional 1% metro cess.

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