Despite slow sales, property registrations in Mumbai and its suburbs (up to Dahisar in the western suburbs and Mulund in the eastern suburbs) saw a 80% month on month increase and yearly increase of 12% to 6916 units in the month of December 2013, according to a new report.
The reason for the jump is that December typically sees the highest monthly registrations in a calendar year due to rise in ready reckoner rates each year effective from January of the next calendar year, the report said, said a report by HDFC securities
For year to date FY 2014, the registrations have grown by 7% YoY to 46,706 units from 43,706 in YTD FY13, led by 24% YoY growth in iIsland city registrations, but muted 4% YoY growth in Mumbai suburbs.