Diabytes
Mumbai Real estate News
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Mumbai has witnessed a cumulative residential sale of 22,827 units after the stamp duty cut during September-November 2020
The monthly run rate in this period after the stamp duty cut is approximately 135% or 1.35 times the monthly average of 2019
Despite the stamp duty cut in Sept 2020, the state government’s revenue collections from stamp duty have increased
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he maximum inventories are in 1 and 2 BHK configurations totaling 5,87,500 units.
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For his second flat, Jain paid Rs 48.72 crore and paid Rs 2.43 crore towards stamp duty and registration costs
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As the demand in the residential real estate market continues to remain subdued, the average price appreciation in the megapolis is expected to be nearly 6 per cent in 2016, a study said.
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The only India city on the list of top 20, Mumbai is ranked 17th ahead only of Berlin, Johannesburg and Rio de Janeiro.
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In 2011, the US government had set a reserve price of Rs 850 crore for the property, but found few takers.
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Contrary to speculation among buyers and investors that housing property prices may further dip in the city, global real estate firm JLL India hinted that these would appreciate six percent this fiscal (2015-16).
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