April 2021 Is the Best April For Real Estate Since 2013

April 2021 till Thursday evening witnessed a total of 9,549 sales, thus making it the best April month for real estate industry since 2013.

By Varun Singh

April 2021, has managed to record itself as the best April month for the real estate industry since 2013.

Till Thursday Mumbai city had registered sales of a total 9,549 units.

This is the highest ever sales in any of the April months since 2013.

It is expected that by Friday evening the last day of the April 2021 month the sale would touch 10,000. units.

This would be more or less the same figures that the city witnessed in January and February 2021.

In January 2021, the sales registered in the city was 10,411 units, while in February it was 10,172 units.

In March the sales figure stood at a might 17,728. The high sales figures inn March 2021 was attributed to the ending of the stamp duty cut period.

The state government of Maharashtra in August 2020 had announced a stamp duty cut of 3% till December 2020 and from January 2021 till March 2021 the cut was 2%.

It was because of this that December 2020 witnessed the highest ever sales recorded in the history of real estate industry of Mumbai. The sales in December 2020 stood at 19,581 units.

The registration figures are slowly seeing a decline. The main reason being that from April 2021, the state government brought back the stamp duty as it was earlier.

From April 1, in a city like Mumbai one has to now pay 5% stamp duty for registering the flat purchase.

While a woman homebuyer has. to pay 4% stamp duty.

The another reason for April month to see high registration is also the spill over from March. Many homebuyers had paid the stamp duty before the March deadline and then in April they registered the sale.

Also Read: From April 1 Mumbaikars To Pay 5% Stamp Duty