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Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
01 July, 2025 12:07 IST
Mumbai likely to see 7,000 property registrations in Sep2021: Motilal Oswal
Source: IRIS | 22 Sep, 2021, 05.31PM
Rating: NAN / 5 stars.
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More than 6,000 units have been registered in the first 21 days of September, surpassing the September 2018 total of 5913 units, stated Motilal Oswal Financial Services  (MOFSL) in its report. While registrations will begin to drop with the advent of ‘Shraad’ even if 50-100 units are registered every day, overall registrations will be ~7000 units which will be a record in last decade.

The average daily registration in September was 300 units, up from 225 units in August. Even without specific tax breaks or stamp duty exemptions, the numbers continue to rise. As a result, this pattern can be safely extrapolated to other big cities.

Godrej Properties, Macrotech, Oberoi, and Sunteck are some of the prominent listed companies with a presence in Mumbai, it added.

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.

 



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