The Mumbai real estate market has recorded over 9,200 property registrations in the first 27 days of January 2025, according to data from the Inspector General of Registration and Controller of Stamps of Maharashtra. This milestone is expected to exceed the 10,000-mark by the end of the month, with registrations continuing until January 31.
As of 10 a.m. on January 27, 2025, the government has earned an impressive ₹740 crore in revenue from stamp duty and registration fees associated with these 9,212 property registrations. In comparison, January 2024 saw a total of 10,967 property registrations, contributing ₹760 crore in revenue.
Industry experts reveal that around 80% of the total property registrations in Mumbai are residential units, with the remaining 20% comprising commercial and retail properties. This trend underscores the strong demand for housing in the city, which remains a hub for real estate activity.
Property consultants and market analysts suggest that the upward trend in property registrations is a sign of robust consumer confidence and market stability. The expectation of surpassing 10,000 registrations by January's end highlights the consistent performance of Mumbai’s real estate sector, despite economic fluctuations.
The data reflects not only the resilience of the Mumbai property market but also its critical role in driving revenue for the state government. The consistent growth in property transactions reinforces Mumbai’s position as a key player in India's real estate landscape.
While the total registrations in January 2025 are on track to slightly trail the figures from January 2024, the revenue generation per registration appears stable, indicating sustained property values and consistent demand.
As Mumbai’s real estate market continues to thrive, the strong momentum in property registrations showcases the city’s enduring appeal to buyers and investors. The anticipation of surpassing 10,000 registrations by month-end is a testament to the sector’s resilience and importance in the economic framework of Maharashtra.
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