Mumbai Property registration: As the dark clouds of Covid pandemic clear out, many sectors are on the track to recovery and a record registration in properties in Mumbai is a sign that real-estate is bouncing back in the metropolis area.
In
October 2022, which was also the month where Diwali was celebrated,
there was a marked spike in the number of property registrations in
Mumbai.
The city recorded registration of 8,358 units in the month
of Diwali and a stamp duty collection of Rs 717 lakh crore.The stamp
duty collection figure between January and October increased 53 percent,
as compared to 2021.During this period, 1.3 lakh houses were sold and
Rs 7,300 lakh crore stamp duty was collected. Diwali 2022 saw an
increase in stamp duty collection by 30 per cent, as compared to 2020.Read More
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