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mumbai property registrations fall 16 percent amid elections and market challenges
Property registrations in Mumbai fell 27% month-on-month in November to 9,419 units, reflecting a 3% year-on-year decline, attributed to a market pause post-festivities and ongoing elections. Despite this, stamp duty collections rose 16% year-on-year to Rs 826 crore, driven by high-value transactions, which accounted for 23% of registrations. The affordable housing segment continues to face challenges, prompting developers to adopt innovative pricing and flexible payment strategies to stimulate sales.
Moneycontrol
Indian Rupee Knight Frank LLP IND Shishir Baijal
Finance & Economy, Market Report
10:38 02.12.2024
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