Key Points
The share of properties priced above 1 crore was on the rise in the first seven months, the report said.. Mumbai: Mumbai is expected to log property sales of 10,214 units, marginally less than 10,319 units sold in June, but 10% less than 11,340 units sold in July 2022..
The revenue from stamp duty also dipped by three per cent from 859 crore in June 2022 to 832 crore this month, an assessment by internationa property consultants Knight Frank India.ge..
Even though property registrations in the city experienced a decline in July, the recorded figure of 10,214 units remained higher than the 12-month average of 9,814 units..
The report pointed out that the share of properties priced above 1 crore was on the rise in the first seven months..
The Knight Frank analysis showed that the percentage of properties sold in the ticket prices of less than 1 crore declined from 51% in January-July 2020, 46.9% during Jan-Juy 2021, 46.5% in Jan-July 2022, and 43.5% in Jan-July 2023..
