Mumbai witnesses over 10,000 property registrations in April 2021
Real Estate

Mumbai witnesses over 10,000 property registrations in April 2021

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

Image source


Also Read: Property launches jump 12%

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

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.YearSalesApril 20136,436April 20145,053April 20156,409April 20165,705April 20175,652April 20187,016April 20195,940April 20200April 202110,136 Source: IGR Office Image source Also Read: Property launches jump 12% Also Read: Property registrations in Mumbai drop by 50% in April

Next Story
Infrastructure Transport

Nitish Kumar Opens Rs 49.88 Bn Kacchi Dargah Ganga Bridge

The long-awaited 19.76 km Kacchi Dargah–Bidupur bridge was inaugurated by Chief Minister Nitish Kumar on 23 June, delivering India’s longest extra-dosed cable-stayed crossing and a game-changing artery for Bihar’s transport network. Built by the Bihar State Road Development Corporation, the six-lane structure carries the Patna–Bakhtiyarpur four-lane (NH-30) across the Ganga to NH-103 near Samastipur, opening an all-weather route between Patna and Raghopur Diara and easing pressure on the ageing Mahatma Gandhi Setu.Costing about Rs 49.88 billion, the project relies on Asian Development ..

Next Story
Infrastructure Transport

Bommai Flags Off Rs 4.8 Bn Gajendragad Bypass Project

Former Chief Minister and MP Basavaraj Bommai has laid the foundation stone for the 5.6 km Gajendragad bypass on National Highway 367’s Yelburga–Kukanoor stretch, part of the Bhanuapur-Gaddanakeri corridor. Valued at roughly Rs 480 million, the engineering-procurement-construction scheme is intended to ease traffic and knit together Kukanoor, Yelburga and Ron, accelerating the region’s integration with the wider Kashmir-to-Kanyakumari highway grid championed by the Union government.Speaking at the ceremony, Bommai stressed that road and rail schemes deliver the greatest public good when ..

Next Story
Real Estate

Maia Estates Plans Rs 30 Bn Build Across 4 m Sq Ft This Year

Bengaluru-based developer Maia Estates will invest about Rs 30 billion this financial year to launch more than four million square feet of new housing and commercial space, a move that should lift its city footprint towards 2.5 million square feet by March. Founder and chief executive Kalpana Ruia said the pipeline spans prices from roughly Rs 20 million to Rs 120 million, with super-prime residences costing upwards of Rs 15,000 per square foot. The firm recently handed over its flagship scheme, 27 Summit, in just three-and-a-half years; the super-luxury flats there fetch between Rs..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?