The property market is down in Mumbai and its suburbs. As per the state's stamp duty and property registration data, there is a steady decline in property registration, resulting in government revenue plummeting significantly.
According to the data, in January 2015, 22,294 properties, including lease and leave and licence, were registered, generating revenue of Rs402 crore, while in February 2015, 18,601 properties were registered, bringing in Rs332 crore revenue. March saw 22,270 property registrations and Rs431 crore income, and April 23,982 properties and Rs457 crore revenue. In May, the numbers dipped to 21,064 properties and Rs342 crore revenue, while in June, 21,660 properties were registered, generating Rs334 crore revenue.
If you are new in Mumbai and looking for the perfect place for accommodation, so its recommended to go for 1 BHK for rent in Kalyan because here you can find 1 BHK in affordable as well as in premium segment. And for new people Kalyan is the perfect region because its offering the good connectivity with all over Mumbai including the access to major amenities and facilities. According to real estate experts soon real estate market will show improvements.
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