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Property registration in Mumbai falls 10 pc in April to 10,514 units

The growth in revenues was on account of an increased stamp duty rate and surge in higher-value property transactions, the consultant said

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Representative image. Pic/Istock

Representative image. Pic/Istock

Registration of properties in the Mumbai municipal region fell 10 per cent this month to 10,514 units on higher base effect, according to Knight Frank India.

In April 2022, 11,743 properties were registered in Mumbai city, which is an area under the jurisdiction of Bombay Municipal Corporation (BMC).
"Mumbai city (area under BMC jurisdiction) saw property sales registration of 10,514 units in April 2023, adding over Rs 900 crore to the state exchequer, registering its highest ever revenue collection for the month of April in the last 10 years," Knight Frank said in a statement.

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