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

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

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

Raghavendra Kamath Mumbai
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

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