Housing Sales in Mumbai Grew 3-Fold in March 2021

Buoyed by a cut in stamp duty along with resurgence in realty demand, housing sales in Mumbai in March 2021 increased 234 per cent over the same period last year, showed recent report.

While March 2020 noted registrations of 3,798 units, March 2021 saw 12,696 units being registered, said the Knight Frank India report

"As a direct result of the pandemic experience, home buying has improved. 2019 saw total sales of 67,863 units, whereas registrations in 2020 have come comfortably close to last year's level at 65,272 units," it said.

The value of apartments sold in January to March 24, 2021 period added to Rs 39,880 crore. Since the reduction of stamp duty rates from September 2021, apartments worth Rs 1,08,967 have been sold.