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Mumbai Registers Property Registrations Of 5,360 Units In May 2021

The Mumbai BMC area, which covers Churchgate to Dahisar and Colaba to Mulund, registered property registrations of 5,360 items in Could 2021, marking a decline of 47 per cent month-on-month, in comparison with April 2021. In keeping with a current analysis report by main actual property consultancy Knight Frank, the property registrations had been down 15 per cent in Could, in comparison with 6,270 items registered in Could 2019. Nevertheless, new registrations grew 25 instances final month, in comparison with Could 2020, on account of the bottom impact.

In keeping with the report, solely 29 per cent of registrations final month had been from new residential gross sales concluded within the month, whereas 71 per cent of the registered properties had been from gross sales concluded within the interval between December 2020 – April 2021. These registrations obtained recorded in Could and out of the whole gross sales in Could 2021, 62 per cent had been in sub Rs 1 crore class, mentioned Knight Frank in its report.

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