Mumbai Real Estate Market Sees 19% Surge in Property Registrations
In July 2024, Mumbai's real estate market witnessed a remarkable 19% increase in property registrations, totaling 12,160 transactions, up from 10,221 in July 2023.
Mumbai Real EstateProperty RegistrationsStamp Duty CollectionsKnight FrankNaredco MaharashtraTridhaatu RealtyCredai MchiPrescon GroupReal Estate MumbaiAug 01, 2024
This growth is attributed to strong buyer confidence, economic factors, and favorable policy measures.\n\nStamp duty collections also saw a significant surge, rising by over 27% to INR 1,055 crore in July 2024, up from INR 832 crore in July 2023. June 2024 collections were INR 1,014 crore, reflecting ongoing market strength.\n\nIndustry experts have shared their insights on this trend. Mr. Prashant Sharma, President of NAREDCO Maharashtra, remarked,
Frequently Asked Questions
What was the percentage increase in property registrations in Mumbai in July 2024?
19%
What was the total number of property registrations in Mumbai in July 2024?
12,160
What was the increase in stamp duty collections in Mumbai in July 2024?
Over 27%
What is the name of the president of NAREDCO Maharashtra?
Mr. Prashant Sharma
What is the name of the Co-Founder & Director of Tridhaatu Realty?
Mr. Pritam Chivukula
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