Mumbai property registrations set a new 10-year high record in July
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The stamp duty collection in July has also risen to Rs 512 crore, up 23% from June’s Rs 420 crore collection. The collection has also surpassed the pre-pandemic performance of Rs 452 crore in June 2019.
In May, the momentum in registration of property transactions in the city had started receding.
Property registration in Mumbai, the country’s most expensive real estate market, has set a new 10-year record for the month of July with over 9,000 deals supported by the spill-over effect of the benefit of lower stamp duty that was available until March end.
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