{"id":121,"date":"2022-08-01T10:00:00","date_gmt":"2022-08-01T10:00:00","guid":{"rendered":"https:\/\/simplease.in\/blog\/?p=121"},"modified":"2023-07-08T10:56:09","modified_gmt":"2023-07-08T10:56:09","slug":"elementor-121","status":"publish","type":"post","link":"https:\/\/simplease.in\/blog\/?p=121","title":{"rendered":"Mumbai Real Estate: Juggernaut continues in July 2022!"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"121\" class=\"elementor elementor-121\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0024e6a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0024e6a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3b3b9e0\" data-id=\"3b3b9e0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-86e4e11 elementor-widget elementor-widget-heading\" data-id=\"86e4e11\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-large\">Mumbai Real Estate: Juggernaut continues in July 2022!<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-55f23fd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"55f23fd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-771fdd3\" data-id=\"771fdd3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7e8f075 elementor-arrows-position-inside elementor-pagination-position-outside elementor-widget elementor-widget-image-carousel\" data-id=\"7e8f075\" data-element_type=\"widget\" data-settings=\"{&quot;slides_to_show&quot;:&quot;1&quot;,&quot;navigation&quot;:&quot;both&quot;,&quot;autoplay&quot;:&quot;yes&quot;,&quot;pause_on_hover&quot;:&quot;yes&quot;,&quot;pause_on_interaction&quot;:&quot;yes&quot;,&quot;autoplay_speed&quot;:5000,&quot;infinite&quot;:&quot;yes&quot;,&quot;effect&quot;:&quot;slide&quot;,&quot;speed&quot;:500}\" data-widget_type=\"image-carousel.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-image-carousel-wrapper swiper\" role=\"region\" aria-roledescription=\"carousel\" aria-label=\"Image Carousel\" dir=\"ltr\">\n\t\t\t<div class=\"elementor-image-carousel swiper-wrapper\" aria-live=\"off\">\n\t\t\t\t\t\t\t\t<div class=\"swiper-slide\" role=\"group\" aria-roledescription=\"slide\" aria-label=\"1 of 5\"><figure class=\"swiper-slide-inner\"><img decoding=\"async\" class=\"swiper-slide-image\" src=\"https:\/\/simplease.in\/blog\/wp-content\/uploads\/2022\/12\/1659429680543-0001-768x768.png\" alt=\"1659429680543-0001\" \/><\/figure><\/div><div class=\"swiper-slide\" role=\"group\" aria-roledescription=\"slide\" aria-label=\"2 of 5\"><figure class=\"swiper-slide-inner\"><img decoding=\"async\" class=\"swiper-slide-image\" src=\"https:\/\/simplease.in\/blog\/wp-content\/uploads\/2022\/12\/1659429680543-0002-768x768.png\" alt=\"1659429680543-0002\" \/><\/figure><\/div><div class=\"swiper-slide\" role=\"group\" aria-roledescription=\"slide\" aria-label=\"3 of 5\"><figure class=\"swiper-slide-inner\"><img decoding=\"async\" class=\"swiper-slide-image\" src=\"https:\/\/simplease.in\/blog\/wp-content\/uploads\/2022\/12\/1659429680543-0003-768x768.png\" alt=\"1659429680543-0003\" \/><\/figure><\/div><div class=\"swiper-slide\" role=\"group\" aria-roledescription=\"slide\" aria-label=\"4 of 5\"><figure class=\"swiper-slide-inner\"><img decoding=\"async\" class=\"swiper-slide-image\" src=\"https:\/\/simplease.in\/blog\/wp-content\/uploads\/2022\/12\/1659429680543-0004-768x768.png\" alt=\"1659429680543-0004\" \/><\/figure><\/div><div class=\"swiper-slide\" role=\"group\" aria-roledescription=\"slide\" aria-label=\"5 of 5\"><figure class=\"swiper-slide-inner\"><img decoding=\"async\" class=\"swiper-slide-image\" src=\"https:\/\/simplease.in\/blog\/wp-content\/uploads\/2022\/12\/7.png\" alt=\"7\" \/><\/figure><\/div>\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-swiper-button elementor-swiper-button-prev\" role=\"button\" tabindex=\"0\">\n\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"eicon-chevron-left\"><\/i>\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"elementor-swiper-button elementor-swiper-button-next\" role=\"button\" tabindex=\"0\">\n\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"eicon-chevron-right\"><\/i>\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<div class=\"swiper-pagination\"><\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-894e16f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"894e16f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5ae8b04\" data-id=\"5ae8b04\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2efe9dd elementor-widget elementor-widget-text-editor\" data-id=\"2efe9dd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>It seems to be raining Transactions this monsoon in Mumbai as both Rental and Sales hit a record for the July month.<\/p>\n<p>Sale transactions in July 2022 were almost double the number achieved in pre covid era [July 2019] while the Rental transactions in July 2022 were 14% higher year-on-year.<\/p>\n<p>However, an interesting phenomena that has played out in the background is how the State Government has craftly played around with the stamp duty to manage its revenues from this all-important source.<\/p>\n<p>Given below are the Government revenues from sale transactions:<\/p>\n<p>&gt; 2018: Rs5,654 cr<br>&gt; 2019: Rs5,446 cr<br>&gt; 2020: Rs3,138 cr [Reduced stamp duty from 5% to 2% for Sep-Dec 2020<br>&gt; 2021: Rs6,111 cr [Stamp duty restored to 5% from April 2021]<br>&gt; 2022 till July: 5,281 cr [Stamp duty increased to 6% from April 2022]<\/p>\n<p>The initial reduction gave a much-needed boost to transactions. However, now with a strong momentum in place it has increased the stamp duty to benefit from both the higher volumes and higher rates.<\/p>\n<p>This takes us to an often-debated question in economic circles of whether a reduction in taxes increases government revenue. Also known as &#8220;Reaganomics&#8221; (after US President Ronald Reagan)\/ &#8220;trickle-down economics&#8221;, the proponents of this policy argue that reduction in taxes results in excess saving trickling down which eventually results in stimulating the economy and revenues.<\/p>\n<p>The same rationale was provided by the current govt when corporate tax rates were cut in the 2019 budget by stating that &#8220;Tax concessions will bring investments in Make in India, boost employment and economic activity, leading to more revenue,&#8221;<\/p>\n<p>While the jury is still out on whether reducing taxes increases revenue but at least the verdict is out on its effect on the Mumbai Real Estate sector!!!&nbsp;<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>It seems to be raining Transactions this monsoon in Mumbai as both Rental and Sales hit a record for the July month. Sale transactions in July 2022 were almost double the number achieved in pre covid era [July 2019] while the Rental transactions in July 2022 were 14% higher year-on-year. However, an interesting phenomena that [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":416,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20,18],"tags":[57,56,47,6],"class_list":["post-121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-india","category-mumbai","tag-gurugram","tag-mumbai","tag-propertymanagement","tag-simplease"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mumbai Real Estate: Juggernaut continues in July 2022! - Simplease Insights<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/simplease.in\/blog\/?p=121\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mumbai Real Estate: Juggernaut continues in July 2022! - Simplease Insights\" \/>\n<meta property=\"og:description\" content=\"It seems to be raining Transactions this monsoon in Mumbai as both Rental and Sales hit a record for the July month. 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