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.
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