According to the state Department of Registration & Stamps, until June 26, the total number of conveyance sales recorded touched 8,144, netting Rs 603.14 crore in revenue from Mumbai alone.
The price of real estate in the Mumbai Metropolitan Region seems to be on an upbound with a sentiment of consensus amongst developers that price hike is not a choice any longer, but a necessity due to the rising input costs.
Expressing concern about rising prices of raw materials, the Builders Association of India's (BAI) newly-appointed president Nimesh Patel has written a letter to Prime Minister Narendra Modi regarding the plight of the construction industry