Mumbai in the first 30 days of the year 2022, saw a total sales of 7718 units, generating a revenue of ₹451.75 crore.
By Varun Singh
While many are yet get over 2021, we already have reached the end of the first month of the year.
January ends today, and we Mumbai in the first 30 days of year 2022, sold a total of 7,718 units.
This is the average sales that the city has witnessed in the financial year 2021-22.
Let’s get going with the revenue that the state government generated from the Mumbai real estate sales.
The state government in form of stamp duty and registration collects a fee, which is paid during the registration of the sales of the real estate unit.
In the first 30 days of 2022, Mumbai generated a revenue of ₹451.75 crore from stamp duty and registration.
Why are these figures important? The best way to know how the real estate industry is functioning is throug the sales figure.
So if sales are good then Mumbai’s realty industry is in good shape, and if it is down then, the industry is lagging.
In the first 30 days of January 2022, performance of Mumbai real estate industry was average.
Let’s see from April 2021, in the first month of FY 2021-22, the city saw a total sales of 10,135 units generating a revenue is ₹514 crore.
In May 2021, the sales figure stood at 5,360 and revenue at ₹268 crore. May was the month which saw the least sales and one can put the blame on the second wave of COVID.
In June 2021, the sales were 7,856 and a revenue of ₹420 crore was generated.
In July 2021, the sales figure were 9,822 were as revenue was ₹566 crore.
In August 2021, the sales in Mumbai was 6,785 and revenue was ₹420 crore.
In September 2021, the sales figure was 7,804 and revenue stood at ₹529 crore.
In October 2021, Mumbai saw 8,576 sales with a revenue generation of ₹550 crore.
November 2021, saw 7,582 sales and revenue stood at ₹549 crore.
December 2021, saw 9,681 sales with a revenue of ₹758 crore, this month saw the second highest sales and the highest revenue generation in the FY 2021-22.
There’s still a day left in the month to end and the numbers are expected to rise, till then the first 30 days figures are here for all to see and analyse the real estate market of Mumbai.
Also Read: 9672 home sales in December generated stamp duty revenue of Rs 758 crore
