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 Energy

GAIL to Set Up Bengaluru CBG Plant Under New Concession Pact

GAIL (India) Limited has signed a 20-year concession agreement with the Bengaluru City Municipal Corporation (BBMP) to set up a compressed biogas (CBG) plant in the city. The project, expected to produce around 10 tonnes of CBG daily, will utilise municipal solid waste as feedstock, contributing to clean energy generation and efficient waste management. The CBG produced will be used in GAIL’s City Gas Distribution network to promote cleaner fuel usage. The initiative aligns with the government’s Sustainable Alternative Towards Affordable Transportation (SATAT) scheme and GAIL’s broader ..

Next Story
Infrastructure Energy

Uttarakhand HC Lifts 31-Year Ban on ONGC’s Contractual Hiring

The Uttarakhand High Court has lifted a 31-year-old ban on the Oil and Natural Gas Corporation (ONGC) from hiring contractual workers, a restriction imposed in 1993. The decision enables ONGC’s Dehradun establishment to employ personnel on a contractual basis to meet operational requirements. The long-standing prohibition had limited ONGC’s ability to fill vacancies in its technical and administrative departments, often leading to project delays and higher dependence on outsourcing. With the court’s directive, the public sector enterprise can now proceed with temporary recruitments whil..

Next Story
Infrastructure Energy

JSW Energy’s Utkal Unit Bags 400 MW, 25-Year Power Supply Deal

JSW Energy Limited announced that its subsidiary, JSW Energy (Utkal) Limited, has secured a Letter of Award (LoA) from Karnataka’s Power Company of Karnataka Limited (PCKL) for the supply of 400 MW of electricity for 25 years. The agreement is part of a competitive bidding process for long-term procurement of power to meet the state’s growing energy demand. The 400 MW capacity will be supplied from JSW Energy’s upcoming thermal power project in Odisha. This development strengthens JSW Energy’s presence in the southern market and aligns with its strategy to enhance long-term contracte..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?