November realty sale figures were in hiding for a long, but we have got an access to it and here’s the actual number of sales that took place in Mumbai in the last month.
By Varun Singh
Since last two years we have been giving you exact number of realty sales that take place in Mumbai every month.
However, November month’s realty sales were delayed but we have got them now and it is a decent number.
Yes, the number of realty sales in November is less than that of October, but it’s better and in par with many other months of this financial year.
In October Mumbai witnessed a sales of 8,576 units, generating ₹550 crore.
Where as in September the number of sales in Mumbai was 7,804 units which generated ₹529 crore.
In August sales stood at 6,784 unit and revenue generated was ₹420 crore.
In July ₹566 crore was generated with registration of 9,822 units.
In June it was 7,856 units that was registered and revenue generated was ₹420 crore.
In May the number was the lowest up till now, it stood at 5,360 units generating a revenue of ₹268 crore.
April saw the highest number of sales this financial year up till now the figure stood at 10,135 units being registered generating a revenue of ₹514 crore.
In November month that total sales registered with the registration department stood at 7,582 generating a revenue or ₹549 crore.
When asked Shravan Hardikar, the Inspector General of Registration about November performance he said, “October did well but November also was above average. Plus there were 10 holidays in November.”
The best way to gauge how realty industry is performing it to check the sales that gets registered with the registration department.
Even though there was a lot of hullabaloo about November not doing as good as October, if one check the average it has performed well.
While July generated the highest in terms of revenue, ₹566 crore, October generated ₹550 crore and November’s revenue is pretty close with ₹549 crore via sale registration.
Sales haven’t dipped, in October there were many registration also because of the festive season, where many homebuyers rushed to cash in on the discounts too and the pent up demand was also huge.
In April, till July there were many registrations of which stamp duty was paid before March 31, as the government had provided a discount and allowed homebuyers to register the sale within 4 months.
However, in many month this financial year too, Mumbai city has surpassed the figures of the pre pandemic days.
So realty isn’t doing bad instead it’s in good shape and we are saying this based on the data.
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