Mumbai Sees Max Registrations In 13 Years

Mumbai: Mumbai had over 1.41 lakh property registrations in 2024 -- the highest in 13 years – and an 11 per cent growth from 2023, according to a new report

According to data sourced from the Inspector General of Registration and Controller of Stamps of Maharashtra, the revenue from property registrations through stamp duty collections grew by 12 per cent year-on-year, estimated at Rs 12,161 crore, compared to Rs 10,871 crore in 2023. Residential properties constituted 80 per cent of the total registered properties, while non-residential assets accounted for the remaining 20 per cent, according to a report by Knight Frank India. December witnessed 12,518 property registrations, contributing Rs 1,154 crore to the state exchequer surpassing the December 2023 figures of 12,285 registrations and Rs 933 crore in revenue.

The premium housing segment saw significant traction. Properties priced at Rs 2 crore and above accounted for 23 per cent of total registrations in December, up from 18 per cent in December 2023.