Mumbai's Property Market Soars with Record Registrations
Property registration in Mumbai surged by 32% in September, with 12,070 units registered due to strong festive demand. This data comes from Knight Frank India, highlighting a year-on-year increase in transactions. Additionally, stamp duty collections rose by 47%, driven primarily by residential property demand.
- Country:
- India
In September, property registrations in Mumbai's municipal region saw a remarkable 32% rise, reaching 12,070 units amid robust festive demand, according to Knight Frank India.
Data from the Maharashtra government reveals that Mumbai city, under BMC jurisdiction, recorded a significant jump in property registrations compared to last year's 9,111 units in the same timeframe.
This surge in transactions is reflected in both the primary and secondary markets, with stamp duty collections climbing 47% year-on-year, largely fueled by residential sales, which represented 80% of the month's total registrations.
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