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Property registrations in the Mumbai municipal region rose significantly during the past month, driven by strong festive demand. According to Knight Frank India, the city recorded 12,070 property registrations, representing a 32 per cent year-on-year increase compared with the same period last year. Maharashtra government data indicated that stamp duty collections also increased, reaching INR 1,292 crore, with residential transactions forming the bulk of the registrations.
Property registrations in the Mumbai municipal region witnessed a notable surge during the past month, fuelled by festive season demand. Knight Frank India, citing data from the Maharashtra government, reported that 12,070 properties were registered in the city under the jurisdiction of the Brihanmumbai Municipal Corporation. This marked a 32 per cent increase compared with 9,111 units registered during the same period a year earlier. Advertisement
The data captured transactions from both primary (first sale) and secondary (resale) markets. The consultant highlighted that Mumbai city recorded 12,070 property registrations, representing a year-on-year rise of 32 per cent.
Stamp duty collections also saw significant growth, touching INR 1,292 crore, which reflected a 47 per cent year-on-year increase. The market activity was predominantly driven by residential demand, with 80 per cent of all registrations attributed to residential properties, according to the consultant's assessment.
The marked increase in property registrations and stamp duty collections underscored the resilience of Mumbai's real estate market during the festive period. Strong residential demand continued to shape transaction trends, accounting for the majority of registrations. With both primary and secondary markets contributing to the momentum, the data pointed towards sustained buyer confidence and active participation in the city's property market.
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