The registrations for new homes in Mumbai were also down by 10 per cent in the July-September quarter of FY23
Maharashtra CM Eknath Shinde was speaking on making Mumbai a slum-free city with affordable housing, when he promised to consider stamp duty reduction. The deputy CM Devendra Fadnavis also assured the real estate sector about duty cuts and premium discounts later last month. But it a slum-free city looks like an uphill task when 3.4 lakh units of Mumbai’s real estate lie unsold, while more than 65 per cent of its 12 million residents live in slums.
https://www.freepressjournal.in/business/with-rising-stamp-duty-and-costly-emis-mumbai-has-34-lakh-unsold-real-estate-units
Source: The Free Press Journal
