Mumbai property registration numbers to improve post demonetisation

Many expect home loan rates of 8% soon as banks are flush with funds

Property registration numbers in Mumbai would improve from November levels when demonetisation was announced as experts have said that with develops offering discounts and interest rates slashed, things are settling down. 

Property registration in the country’s commercial capital Mumbai touched a six-year low in November, reports said on Tuesday quoting data from state’s director-general of registrations show. The month saw a mere 3,799 property sales transactions registered.

Experts said in November property sales virtually came to standstill as people stood in queues to exchange their old notes of Rs 500 and Rs 1,000. A fourth of the property market is