Registration of homes in Mumbai city down 18pc in Nov Jan-Nov number highest in 10 years
New Delhi Dec 20 PTI Registration of housing properties in Mumbai municipal region fell by 18 per cent in November to 7582 units but numbers during January-November jumped over twofold to 102232 units the highest in last one decade according to Knight Frank The registration of homes stood at 7582 units in November last year During January-November 2020 46052 homes were registered Registration data is of transactions made in both primary and secondary re-sale residential markets Mumbai city MCGM region property sale registrations have crossed the 100000 mark for the first time in a decade The earlier high during the last 10 years was 80746 units in 2018 Knight Frank India said in a statement The consultant attributed the fall in registrations number in November 2021 to a lower stamp duty rate of 2 per cent in the same month last year Shishir Baijal Chairman Managing Director Knight Frank India said The consumer sentiment in Mumbai housing market remains strong The growth rate has moderated when compared to the year ago period when market was buoyant on account of the lowest applicable stamp duty rate window The demand enablers in the form of low house prices low home loan interest rate and new project launches continue to entice homebuyers he added The threat of new COVID-19 variants and response from healthcare system will be crucial in determination of market activity level in near future Baijal said In Mumbais primary housing market Macrotech Developers Lodha group Godrej Properties Oberoi Realty Hiranandani group Kalpataru Ltd Tata Housing Shapoorji Pallonji Piramal Realty Mahindra Lifespace Developers Rustomjee group and K Raheja group are major players PTI MJH MR MR
New Delhi Dec 20 PTI Registration of housing properties in Mumbai municipal region fell by 18 per cent in November to 7582 units but numbers during January-November jumped over twofold to 102232 units the highest in last one decade according to Knight Frank The registration of homes stood at 7582 units in November last year During January-November 2020 46052 homes were registered Registration data is of transactions made in both primary and secondary re-sale residential markets Mumbai city MCGM region property sale registrations have crossed the 100000 mark for the first time in a decade The earlier high during the last 10 years was 80746 units in 2018 Knight Frank India said in a statement The consultant attributed the fall in registrations number in November 2021 to a lower stamp duty rate of 2 per cent in the same month last year Shishir Baijal Chairman Managing Director Knight Frank India said The consumer sentiment in Mumbai housing market remains strong The growth rate has moderated when compared to the year ago period when market was buoyant on account of the lowest applicable stamp duty rate window The demand enablers in the form of low house prices low home loan interest rate and new project launches continue to entice homebuyers he added The threat of new COVID-19 variants and response from healthcare system will be crucial in determination of market activity level in near future Baijal said In Mumbais primary housing market Macrotech Developers Lodha group Godrej Properties Oberoi Realty Hiranandani group Kalpataru Ltd Tata Housing Shapoorji Pallonji Piramal Realty Mahindra Lifespace Developers Rustomjee group and K Raheja group are major players PTI MJH MR MR
