Real estate sales in Mumbai are at an all-time high for the past 10 years with the lowest interest rates in banks and discounts offered by real estate companies.
Mumbai
As a result, Mumbai continues to retain the title of the largest city in the country with a large real estate business. More than 1 lakh securities have been registered in Mumbai in 2024 alone, the highest in the last 10 years.
Real estate records
The real estate registrations in Mumbai are the main reason why the Maharashtra government has drastically reduced the bond registration tax on new real estate sales to recoup the real estate sector and the employment market, which were badly affected during the Corona era.
Own homes
Thus people were very eager to buy their own houses. Just as the bond registration fee was at least in favor of the super-rich, the lockout of the middle class to buy a house, the low interest of the bank, and the excessive concessions of the real estate companies helped.
November to December
There were 7,582 real estate registrations in November, compared to 5,553 in the first three months of December. As a result, the Maharashtra government received Rs 549 crore in bond registration fees in November and Rs 421 crore in December.
122 percent increase
According to data released by Knight Frank, the number of real estate registrations increased by 122 per cent between January and November 2024, during which time the Maharashtra government earned Rs 5,351 crore in bond registration fees.
Rs 13,100 crore recovery from sale of assets of bank fraudsters .. Who should be on the list ..?
New Delhi: Vijay Mallya and Nirav Modi have fled abroad after taking multi-crore loans from banks. Union Finance Minister Nirmala Sitharaman has said that she has sold the assets of several fraudsters, including Mogul Choksi, and recovered several thousand crore rupees in debt.
In this regard, the Lok Sabha is taking steps to recover money from bank fraudsters.
Banks have recovered Rs 5.49 lakh crore in weekly loans in the last seven years since the Modi-led government took office.
Weekly loan recovery
Banks have recovered Rs 13,109.17 crore by selling the assets of Vijay Mallya, Mogul Choksi and Nirav Modi, among others, who fled the country without repaying the loan. Of this, the assets of Vijay Mallya and others were sold last July and a weekly loan of Rs 792 crore was recovered.
Money safely
The amount thus recovered has been refunded to the concerned banks.
And those who take loans from banks and run away cannot escape. Thus the banks are safe. The money of those who have deposited in public sector banks is safe.
Request for added amount
The 2d section of the Lok Sabha debate at the provide request occurred yesterday. Amid a flurry of opposition, a request became made for added investment for authorities spending withinside the present day economic year. It became on this context that the Finance Minister filed a provide request for an expenditure of Rs 3.seventy three lakh crore further to the price range amount.
