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The Times of India
The Times of India
Business
Sunainaa Chadha | TIMESOFINDIA.COM

Property registrations in Mumbai dip 20% in January due to Omicron but property tax waiver likely to boost demand

Mumbai Maharashtra New Delhi

NEW DELHI: Property sale registrations in Mumbai city (Municipal Corporation of Greater Mumbai MCGM region), dipped 20 percent in January to 7,732 units from 9,320 units in December 2021, due to the impact of the third wave of covid-19. Movement and mobility was hit during the initial two weeks of the Omicron wave in Maharashtra.

The per day average for property registrations was recorded at 249. The government earned Rs 543 crore as revenue from property registrations in January 2022.

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