Mumbai witnesses over 10,000 property registrations in April 2021

03 May 2021 CW Team

Just after the Maharashtra government discontinued the stamp duty waiver on property registrations from April 2021, the month has witnessed the registration of as many as 10,136 properties in Mumbai. The data was made available by Maharashtra’s Department of Registration and Stamps.

There was a 43% decline in just about a month as March 2021 had registered 17,728 units when the stamp duty waiver of 3% was available. However, the number of units registered in April 2021 was up 70% compared to the units registered in April 2019 which were 5,940 units. There were zero registrations in April 2020 due to the complete nationwide lockdown amid the first outbreak of Covid 19 in the country.

In February, 10,170 and in January 10,412 units were registered. December and November 2020 saw registration of 19,581 and 9,301 units, respectively, the state’s registration data indicated.

As per the IGR data, the month of April 2021 has recorded the best registration numbers as compared to the past few years.

Year	Sales
April 2013	6,436
April 2014	5,053
April 2015	6,409
April 2016	5,705
April 2017	5,652
April 2018	7,016
April 2019	5,940
April 2020	0
April 2021	10,136

Source: IGR Office

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Also Read: Property registrations in Mumbai drop by 50% in April

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