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MMR property sales hit it big, highest since 2012
BySatish NandgaonkarSatish Nandgaonkar / Updated: Dec 10, 2020, 06:00 IST
PHOTO FOR REPRESENTATIONAL PURPOSE
November sales at a record high; year-on-year registrations, revenues shoot up nearly 67%; experts attribute it to reduced
stamp duty.
Property registrations and revenues in the Mumbai Metropolitan Region (MMR) touched a record high in November 2020. Registrations shot up 67 per cent year-on-year and 17 per cent monthon-month, as per data from the Department of Registration and Stamps analysed in two separate reports by
Knight Frank India, and Propstack.
The state government had cut stamp duty from 5 per cent to 2 per cent on August 26. The sales had then increased sharply, jumping up 112 per cent from 2,642 units sold in August to 5,597 units in September. In October, the unit sales touched a record high of 7,929, which was even higher than pre-pandemic sales of 6,150 units in January 2020. In ....

Shishir Baijal , Niranjan Hiranandani , Deepak Goradia , Hiral Sheth , Department Of Registration , National Real Estate Development Council , Mumbai Metropolitan Region , Frank India , Knight Frank India , Sheth Creators , Real Estate Development Council , ஷிஷீர் பைஜல் , நிரஞ்சன் ஹிரானந்தனி , தீபக் கோரடிய , ஹிரல் உறை , துறை ஆஃப் பதிவு , தேசிய ரியல் எஸ்டேட் வளர்ச்சி சபை , மும்பை பெருநகர பகுதி , வெளிப்படையான இந்தியா , நைட் வெளிப்படையான இந்தியா , உறை படைப்பாளிகள் , ரியல் எஸ்டேட் வளர்ச்சி சபை ,