Mumbai Metropolitan Region Clocks Sale worth Rs 11,000 Cr in May
<span style="font-weight: 400;">As per the CRE Matrix property tracker and data available from IGR Maharashtra as on 30th May, the Mumbai Metropolitan Region (MMR) recorded property sale transactions worth Rs 10,979 cr in May as compared to Rs 22,507 cr in April. The property sale transactions regis
Published -
Jun 3, 2021 3:35 AM
As per the CRE Matrix property tracker and data available from IGR Maharashtra as on 30th May, the Mumbai Metropolitan Region (MMR) recorded property sale transactions worth Rs 10,979 cr in May as compared to Rs 22,507 cr in April. The property sale transactions registered in MMR in March, February and January were Rs 44,167 cr, Rs 21,696 cr and Rs 21,484 cr respectively. As on 30th May, Mumbai had recorded property sale transactions worth Rs 7,246 cr in May as compared to Rs 16,250 cr in April. The property sale transactions registered in Mumbai in March, February and January were Rs 28,961 cr, Rs 12,989 cr and Rs 12,890 cr respectively. As per the data from IGR Maharashtra as on 30th May, the stamp duty collection in MMR for the month of May 2021 was Rs 417 cr as compared to Rs 725 cr in April 2021. Whereas the stamp duty collection in MMR for the month of March, February and January were Rs 1365 cr, Rs 648 cr and Rs 570 cr respectively. As for stamp duty collection in Mumbai, Rs 250 cr were collected in May (till 30th May) as compared to Rs 492 cr in April. Whereas the stamp duty collection in MMR for the month of March, February and January were Rs 830 cr, Rs 348 cr and Rs 298 cr respectively. Due to the impact of the second wave of Covid-19 and the Maharashtra government's decision to discontinue the stamp duty waiver on property registrations from April 2021, there has been a decline in the property sales in the months of April and May 2021.
Tags : News/Views Maharashtra Mumbai Metropolitan Region Stamp Duty May sale Clocks