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The countrys commercial capital has witnessed the registration of over 14,145 properties during the month, up 7.5% from a year ago. Revenue collection through stamp duty charges, however, declined 8.1% to Rs 1,125 crore, according to data from the inspector general of registration in Maharashtra. ....
Mumbai s property market sets new records in January with the highest-ever property registrations and revenue collected through stamp duty charges. The city recorded over 10,872 real estate deals, a 21% increase from last year. Total revenue from stamp duty rose 8.4% to over Rs 750 crores. Despite higher mortgage rates and property prices, Mumbai s property market remains strong due to stable demand and positive sentiment. Homebuyers have confidence in the market, leading to increased property registrations. ....
Mumbai s real estate sales and registrations saw their best November in 11 years, with 9,548 registrations. Prime residential prices are expected to surge by 5.5% in 2024 due to strong housing demand and economic expansion. ....
A luxury apartment in Mumbai has been sold for Rs 130.24 crore, reflecting the recent surge in the city s high-end residential market. The buyer, Asha Mukul Agarwal, also purchased two apartments for over Rs 132.75 crore. Mumbai has been witnessing record-setting transactions in its real estate market, with celebrities and high-net-worth individuals making significant purchases. Sales of luxury homes in Mumbai costing Rs 10 crore and above rose nearly 50% in the first half of 2023. The market is expected to continue to thrive due to the growing wealth in India and the city s rising number of millionaires. ....
Real estate buyers in Mumbai are facing exorbitant charges and bribes from authorities, making the already expensive city even more costly. Builders are forced to pay significant bribes to obtain building permissions, resulting in inflated prices for buyers. Some argue that there is no justification for Mumbai s real estate prices being higher than those in Dubai. ....