Mumbai's Real Estate Market Sees Sustained Growth with 11,735 Property Registrations in August 2024
Mumbai recorded 11,735 property registrations in August 2024, generating INR 1,072 crore in stamp duty revenue, marking an 8% increase in registrations and a 32% rise in revenue compared to the same month last year.
Mumbai Real Estate MarketProperty RegistrationsStamp Duty RevenueNaredco MaharashtraTridhaatu RealtyReal Estate MumbaiSep 04, 2024
The surge in property transactions is largely attributed to a growing interest in homeownership and greater economic stability. Residential properties dominated the market in August, making up 80% of all registrations. This indicates that more people are looking to purchase homes, contributing to a robust demand for housing in the city.
Frequently Asked Questions
What was the number of property registrations in Mumbai in August 2024?
11,735
What was the stamp duty revenue generated in August 2024?
INR 1,072 crore
What is the percentage increase in property registrations compared to the same month last year?
8%
What is the percentage increase in stamp duty revenue compared to the same month last year?
32%
What is the trend in buyer preferences in the Mumbai real estate market?
There is an increasing demand for high-value properties, particularly those priced at INR 2 crore and above.
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