[부동산] 뭄바이 부동산 판매는 할인, 스탬프 관세 인하 등에 힘입어 2020년 10월 35% 성장
[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.
Here I have important INDIA real estate news to share with you which is as mention under.
Despite COVID-19, real estate sales in Mumbai have grown by almost 35 percent year-on-year
in October indicating the massive pent-up demand among end-users to buy property and
clearly suggesting that the state government's decision to reduce stamp duty is finally
showing results, says a study by Propstack, a data analytics firm.
The number of registrations in February 2020 just before the lockdown was 5,927. In March
the number dwindled to 3,798 and was zero in April. When the registration offices reopened
in May, the number of registrations gradually climbed to 207 and were at 1,839 in June,
2,662 in July and August and 5,597 in September. The number has touched 7,929 in
October due to the festive season and the discounts available in the market.
The number of registrations in October 2019 was 5,811 indicating that the sales volume has
increased by almost 30 percent, the study said.
"This is an increase of almost 30 percent compared to pre-COVID levels and an almost 25
percent increase compared to October 2019. This clearly indicates that a combination of
factors is at work this festive season - a discount of 5 to 15 percent by developers, stamp
duty reduction by the state government and low interest rates," Sandeep Reddy, co-founder
at Propstack, told Moneycontrol.
Read more at: https://www.moneycontrol.com/news/real-estate-2/mumbai-realty-sales-grow-by-35-in-october-2020-on-the-back-of-discounts-stamp-duty-cut-6040461.html