Property registrations in Mumbai double in Sept

Property sale registrations in Greater Mumbai more than doubled (112%) in September over the previous month thanks to the 3% reduction in stamp duty. In fact, September saw the highest number of registrations this year across the state, reports Nauzer Bharucha. Last month, Greater Mumbai recorded 5,597 apartment sales compared to 2,642 registrations in August when stamp duty was 5%. The latest data is from the Inspector General of Registration and Controller of Stamps.Overall sale registrations across Maharashtra also recorded a huge rise in September. There were 1,19,834 sale registrations in September compared to 82,100 in August.

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