mumbai revenue collection from property registrations in the city in february touched a fiveyear high data collated from the inspector general of registration shows the collection reached rs 1102 crore a 79 jump from rs 615 crore in february 2022the number of registrations saw a drop of 8 from feb 2022 to nearly 9511 this indicates that the sale of bigticket price homes saw significant movement anuj puri chairman anarock group said a major factor could be the budget proposal to cap longterm capital gains at rs 10 crore for taxsaving purposes when reinvested in housing property according to anarock hnis want to close deals before aprilrevenue collection from property registrations in the city in february was the highest for any month this financial year if we deepdive into data further february 2023 has seen the highest revenue collection in mumbai in the last five years during the same month anuj puri chairman anarock group saidthe cap on longterm capital gains rollover announced in the union budget will come into effect from april thus to save tax on capital gains hnis high networth individuals across top cities including mumbai are rushing in to close luxury housing deals before the financial year ends in march anarock saidfrom april if one sells a house or other asset including equities and the longterm capital gains exceed rs 10 crore then the maximum benefit is only up to rs 10 crore if invested in propertythe anarock report released on tuesday said the luxury housing segment in the top seven cities recorded healthy salesout of the total 365 lakh units sold across the top 7 cities in 2022 about 18 approx 65680 units were in the luxury category priced rs 15 crore contrastingly of the total 261 lakh units sold in entire 2019 just 7 approx 17740 units were in the luxury category the anarock report said mmr ncr and hyderabad led luxury home sales in 2022 with about 50100 units sold in the three altogether in 2019 the figure was 14050 luxury homes tnn