Hyderabad, India s largest property market, has seen a record-setting surge in stamp duty revenue collection in November, with property registrations rising by 25% YoY to over 6,268 deals. The total value of properties registered stood at Rs 3,741 crore, a 29% YoY increase. The Reserve Bank of India s decision to maintain stable interest rates since April 2023 has bolstered homebuyer confidence in Hyderabad, leading to consistent growth in sales.
Mumbai leads in property registration in a decade in April; over 10,136 completed deals
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Mumbai leads in property registration in a decade with over 10,136 completed deals for April. Citing data from the Inspector General of Registration, Maharashtra, a report in
Economic Times said the completed deals led to stamp duty revenue collection of Rs 514 crore in April.
Buoyed by a cut in stamp duty along with resurgence in realty demand, housing sales in Mumbai in March 2021 increased 234 percent over the same period last year, according to a report by Knight Frank India.
While March 2020 noted registrations of 3,798 units, March 2021 saw 12,696 units being registered, said the report.