Mumbai record highest property deals in December 2020, Pune is not much behind


Property registrations in Mumbai, India’s biggest real estate market, registered a surge in December as a rush ensued among homebuyers amid all-time low home loan rates, attractive price discounts and reduction

Mumbai: Property registrations in Mumbai, India’s biggest real estate market, registered a surge in December as a rush ensued among homebuyers amid all-time low home loan rates, attractive price discounts and reduction in stamp duty charges.

Mumbai and Pune markets led the revival in residential property sales as well as new launches in the second half of the year, says Knight Frank India. While all India residential sales saw a quarter-on-quarter (QoQ) rise of 84%, Mumbai (193%) and Pune (143%) recorded higher than average QoQ growth, it said.

Registration of residential sales in the country’s financial capital rose 192% from a year ago in December so far to 18,794 deals. Reputed developers witnessed heightened sales in 3QFY21 with housing sales in the country's biggest property market, Mumbai, witnessing outstanding growth in registration in 3QFY21. Key factors being the stamp duty reduction till December and developers push for sales linking other incentives till December. 

Antique broking in a note to clients mentions that with no significant volume of new launches, most of the sales volume in 3QFY21 was driven by sustenance sales. As per them typically a successful project launch would witness 30-50% pre-sales and within 5-6 months of launch with sustenance sales velocity being much lower during construction period and velocity picking up towards the project completion. Customers are inclined towards ready-to-move-in inventory but not averse to projects where work is going on.

STRONG REAL ESTATE REGISTRATION DATA IN NUMBERS 

December registrations at 18,794 deals 

December registrations up 192% YoY VS December 2019 

December registrations up 217% vs February 2020 

December registrations up 102% vs November 2020 

Key triggers: low loan rates, attractive price discounts & reduction in stamp duty charges 

Source: Online.

Comments

  1. AnonymousJanuary 23, 2021 at 1:26 AM

    Thanks a lot for Share Bangalore properties information. such a piece of great information for all of them and I appreciated posting your info. Thanks a Lot!!!!!!!
    Hong Kong Dedicated Server

    ReplyDelete
  2. AnonymousJanuary 23, 2021 at 2:19 AM

    Hey this is nice. I am glad to share this article with other too.
    Russia VPS Server

    ReplyDelete
  3. Onlive ServerJanuary 24, 2021 at 9:05 PM

    Thank you for your great post and for helping others become more aware. I am really glad I found your blog.
    France VPS Server

    ReplyDelete
  4. AnonymousJanuary 24, 2021 at 9:16 PM

    Seriously spectacular Post that You have shared here, This is an amazing superb article Keep Sharing this...
    Thanks, thanks to a lotttttttt!!!!

    Germany VPS Hosting

    ReplyDelete
  5. megacashforhomesJanuary 27, 2021 at 5:04 AM

    Your article is enriched with the beneficial information that I require.Thanks a lot and keep sharing. We buy House in any condition no matter how many repair requires. Sell your home in any condition, we buy house in Virginia, USA.
    Sell Home quickly
    we buy house in virginia

    ReplyDelete
  6. sarveshoneJanuary 28, 2021 at 3:57 AM

    Some reports indicated that property sales were at a 5-year high in Mumbai. Top real estate builders in Mumbai, Pune, and other cities in Maharashtra have benefited from this revival in demand.

    ReplyDelete
  7. unknownFebruary 2, 2022 at 1:50 AM

    Thanks for sharing this useful information this information will be very helpful for us regards,
    plots in hyderabad.

    ReplyDelete

Post a Comment

Dear Reader, please comment & your comment will be really appreciating & encouragement to write such articles.

Popular posts from this blog

Sharing INFORMATION: Annual Pune Municipal Tax (property tax) on properties under Pune Jurisdiction, Maharashtra, India.

Greetings...... Wish to share general important information regarding Annual Pune Municipal Tax on properties which comes under Pune Jurisdiction to be paid every year and the bill is generated on every March month and delivered in hard paper bill also to your property address letter box however this receiving bill is not reliable as sometimes not delivered or misplaced by the government postal department.  Fortunately, you can find the same bill by visiting pune municipal corporation website:  www.punecorporation.org   and  www.propertytax.punecorporation.org  (the site is self explanatory) you just need your Consumer/property Number to track it. which will be in a format of eg. O/1/20/0123456 (this is just an example so pls fill your property no. on it) Again this property bill comes once in a year and last date without fine/interest  is 31st may of every year. if you miss to pay for previous years property tax bill then new bi...
READ FULL ARTICLE »

Land Plot for sale & Joint Venture (JV) in Pune City, Maharashtra, India.

Image
  Land Plot for sale & Joint Venture (JV) in Pune City, Maharashtra, India. 1) 126 Acres Land plot for sale Mumbai - Pune old highway, Talegaon: 126 Acres land in two park 70 acres & 50 acres available for sale. 2) 25 Acres Land plot for sale, talegaon lake touch, Mumbai - Pune Highway: 25 Acres clear title NA Land plot for sale @ Rs. 3500/- per sqft. 3))  3 Acres Plot at Khandala Shirval It's NH4 Road touch and total area is 110 guntha aprox 3 Acre.  Government Demarcation done, Compond Fencing done, Purchased Property, Within limit of Khandala municipal corporation, Free Zone.  Ideal for Plotting & commercial construction of restaurant, lodging etc. Sale Price: 350/- Per Sqft., Can JV also possible. 4) 16.5 Acres land parcel for SALE near Bhima river, Perne, distance from lonikand 4 km, wagholi 13 km, kharadi 18 km.  Clear title Single owner Sale price: Rs. 95 lacs per Acre.  There are 2 plots in viman nagar:  5) Viman Nagar  6200 Sq...
READ FULL ARTICLE »