In a good start to 2013, Mumbai’s real estate market saw its highest January sales registrations compared with January 2012 and 2011, indicating some pick-up in sales of houses, which remained sluggish over the last two years.
According to real estate industry experts, the December registration numbers are traditionally higher as customers flock the market to close their transactions to avoid paying higher stamp duty and registrations charges, which get revised every year in January with changes in Ready Reckoner rates announced by the state government.
Read more: Realty registrations in Mumbai increase 25% in Jan, most in 3 years