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

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Also Read: Property launches jump 12%

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

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