Property registrations in Mumbai drop by 50% in April

30 Apr 2021 CW Team

The Maharashtra government's decision to renege on the stamp duty cut offer has led to a 50% dip in property registrations and stamp duty revenue in Greater Mumbai in April, in comparison to March.

Between April 1-28, only 8,754 property documents were registered in Mumbai, while revenue collection as stamp duty was at Rs 464 crore. Data shows that 17,728 property documents were registered in March, which earned the state Rs 875 crore.

Stamp duty revenue collected across Maharashtra in March and April also showed a sharp difference. In March, the state earned Rs 9,067 crore as stamp duty when 2.13 lakh property documents were registered. In April (till Wednesday afternoon), the collection was Rs 1,103 crore from 83,843 registered documents.

Industry experts told the media that the primary reason which compiled this data was the state's decision to not extend stamp duty benefits. Last year, when the first wave of Covid-19 crippled the real estate market, the state government slashed stamp duty from 5% to 2% from September 1 till December 31, 2020. It was then marginally increased to 3% from January 1 till 31 March 2021.

The stamp duty cut led to a surge in apartment sales between September 2020-March 2021. Real estate developers urged the state to extend the benefit, but the government rolled back the duty to 5% from April.

Image Source

Also read: Consistent growth in sales during stamp duty cut period: Anarock

Also read: Real estate stamp duty: Maha govt reinstates 5%, industry reacts

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..