Adani Enterp. 2493.35↓-3.10(-0.12%)
Adani Ports 738.85↑4.80(0.65%)
Apollo Hospitals 4621.95↑22.80(0.50%)
Asian Paints 3192.95↑48.55(1.54%)
Axis Bank 914.85↓-22.60(-2.41%)
B P C L 363.50↑3.10(0.86%)
Bajaj Auto 4567.15↓-24.75(-0.54%)
Bajaj Finance 6989.85↓-15.95(-0.23%)
Bajaj Finserv 1451.05↓-14.80(-1.01%)
Bharti Airtel 849.90↑31.45(3.84%)
Britannia Inds. 4657.05↑83.80(1.83%)
Cipla 953.05↓-6.80(-0.71%)
Coal India 241.25↓-3.05(-1.25%)
Divi's Lab. 3443.60↓-14.40(-0.42%)
Dr Reddy's Labs 4501.05↓-17.85(-0.40%)
Eicher Motors 3671.95↓-6.40(-0.17%)
Grasim Inds 1718.35↓-6.80(-0.39%)
H D F C 2640.40↓-52.95(-1.97%)
HCL Technologies 1145.10↑9.25(0.81%)
HDFC Bank 1610.85↓-25.90(-1.58%)
HDFC Life Insur. 592.35↑7.20(1.23%)
Hero Motocorp 2759.90↓-19.25(-0.69%)
Hind. Unilever 2667.55↑11.00(0.41%)
Hindalco Inds. 405.90↓-7.20(-1.74%)
ICICI Bank 949.15↓-0.80(-0.08%)
IndusInd Bank 1286.60↓-6.65(-0.51%)
Infosys 1318.30↓-5.55(-0.42%)
ITC 445.50↓-4.40(-0.98%)
JSW Steel 696.30↓-8.30(-1.18%)
Kotak Mah. Bank 2014.35↑39.65(2.01%)
Larsen & Toubro 2205.65↓-5.15(-0.23%)
M & M 1319.00↓-9.45(-0.71%)
Maruti Suzuki 9367.70↓-15.65(-0.17%)
Nestle India 21673.10↑98.65(0.46%)
NTPC 173.85↓-2.95(-1.67%)
O N G C 154.90↓-3.95(-2.49%)
Power Grid Corpn 233.85↓-1.25(-0.53%)
Reliance Industr 2469.90↓-50.05(-1.99%)
SBI Life Insuran 1235.00↑19.10(1.57%)
St Bk of India 579.85↓-12.95(-2.18%)
Sun Pharma.Inds. 975.35↑15.75(1.64%)
Tata Consumer 798.65↑7.75(0.98%)
Tata Motors 526.30↑7.50(1.45%)
Tata Steel 105.80↓-1.25(-1.17%)
TCS 3289.50↓-26.70(-0.81%)
Tech Mahindra 1115.55↑17.15(1.56%)
Titan Company 2823.25↑20.75(0.74%)
UltraTech Cem. 7870.05↓-31.90(-0.40%)
UPL 685.10↓-3.95(-0.57%)
Wipro 403.65↑1.15(0.29%)

Amid Covid, Mumbai sees 10-year high in property registrations in July

Normally, properties need to be registered within three months of the purchase

Premium

The Maharashtra government had, in December 2020, given a leeway of four months to homebuyers to register a property after the payment of stamp duty in order to prevent crowding of registration offices.

3 min read Last Updated : Jul 31 2021 | 1:02 AM IST

The registration of properties in the Mumbai municipal region has jumped to its highest in a decade for the month of July, mainly because of the “leeway” given by the Maharashtra government.

As many as 9,037 units were registered in the month as of Friday, as against 2,662 registrations in July 2020, a sharp rise of 239 per cent. The number of registrations is also 57 per cent higher compared with the pre-pandemic period of July 2019, property consultant Knight Frank said.

In December last year, the state government granted four months to homebuyers to register their properties after the payment of stamp duty in order to prevent crowding of registration offices. This ensured that those who had purchased houses and paid stamp duty on or before March 31, 2021 had a maximum window of four months till July 31 for registering their properties.