Latest News Today – Second Wave Of COVID-19, Rollback Of Stamp Duty Impact

The registrations of residential properties in the financial capital of the country – Mumbai, declined 42 per cent to 10,136 units, compared to the previous month, due to the second wave of COVID-19 and the expiry of the stamp duty period. According to leading property consultant Knight Frank India, Mumbai registered a growth of 10,000 residential property registrations in April 2021, however, only seven per cent of the registrations were from the new registration sales. The remaining were transacted between December 2020 – March 2021, for which the applicable stamp duties were paid during the low rate window period.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: