Mumbai’s property registrations rise 3% YoY in November, stamp duty collections up by 28%
3 months, 3 weeks ago

Mumbai’s property registrations rise 3% YoY in November, stamp duty collections up by 28%

Hindustan Times  

Mumbai real estate market reported a 3% year-on-year increase in property registrations in November 2024 with the number increasing to 10,095 from 9,736 units in November 2023, according to data sourced from the Inspector General of Registration and Controller of Stamps of Maharashtra as of 1 pm. Mumbai real estate market reported a 3% year-on-year increase in property registrations in November 2024 with the number increasing to 10,095 from 9,736 units in November 2023. Of the total property registrations in Mumbai, residential units constitute roughly around 80%, according to Knight Frank India, a real estate consultancy firm. In 2023, the first 11 months reported 1.14 lakh property registrations and ₹9,937 crore revenue from stamp duty, "This sustained activity in property transactions reflects increasing economic prosperity and continued sentiment toward homeownership among Mumbai's residents," Knight Frank India analysis showed.

Mumbai Properties Property 2024 Crore Estate Real 2023 Registrations Yoy Increase Stamp Stamp Duty Knight Frank India Property Registrations Stamp Duty Collections  2024  rise  yoy  duty  mumbais  real  properties  stamp  property  mumbai  registrations  2023  crore  28  collections  increase  estate

History of this topic

Pune real estate: Property registrations remain flat at 19,012 in February with a 1% YoY increase
5 days, 10 hours ago

Pune real estate: Property registrations remain flat at 19,012 in February with a 1% YoY increase

Hindustan Times  

Pune's real estate market remained flat in February 2025 with a meagre 1% Year-on-Year increase in property registrations totalling 19,012, compared to 18,791 in the same period during last year, according to data from the Maharashtra Inspector General of Registration. Pune's real estate market remained flat in February 2025 with a meagre 1% Year-on-Year increase in property registrations totalling 19,012. …

Mumbai real estate: Property registrations steady in February 2025, stamp duty collections rise 6%
3 weeks, 5 days ago

Mumbai real estate: Property registrations steady in February 2025, stamp duty collections rise 6%

Hindustan Times  

Mumbai's real estate market saw property registrations remain steady in February 2025, with 12,066 properties registered compared to 12,056 in the same period last year, according to data from the Maharashtra Inspector General of Registration. Mumbai's real estate market saw property registrations remain steady in February 2025, with 12,066 properties registered compared to 12,056 in the same period last year. …

Mumbai property registrations see over 7% growth, surpassing the 11,700 mark
1 month, 3 weeks ago

Mumbai property registrations see over 7% growth, surpassing the 11,700 mark

Hindustan Times  

Property registrations in Mumbai surpassed the 11,700 mark, according to data from the Inspector General of Registration and Controller of Stamps of Maharashtra. Mumbai real estate update: Property registrations in the city surpassed the 11,700 mark, according to data from the Inspector General of Registration and Controller of Stamps of Maharashtra. According to Knight Frank India, a real estate consultancy …

Property registrations in the Mumbai real estate market cross the 9,200-mark in 27 days of January 2025: data
1 month, 3 weeks ago

Property registrations in the Mumbai real estate market cross the 9,200-mark in 27 days of January 2025: data

Hindustan Times  

Property registrations in the Mumbai real estate market cross the 9,200-mark in the first 27 days of January 2025, according to the data of the Inspector General of Registration and Controller of Stamps of Maharashtra. Property registrations in the Mumbai real estate market cross the 9,200-mark in the first 27 days of January 2025. The government has earned a revenue …

Pune real estate market's property registrations report a 25% spike in 2024, stamp duty collections increase by 33%
2 months ago

Pune real estate market's property registrations report a 25% spike in 2024, stamp duty collections increase by 33%

Hindustan Times  

Pune's real estate market reported a 25% spike in the total number of property registrations throughout 2024, with 190,025 property registrations compared to 152,323, and a 33% revenue increase to ₹7,098 crore from ₹5,352 crores, according to data from the Maharashtra Maharashtra IGR. Pune's real estate market reported a 25% spike in the total number of property registrations throughout 2024, …

Real Estate Outlook 2025: 5 most sought-after areas for buying an apartment in the Mumbai Metropolitan Region
2 months, 3 weeks ago

Real Estate Outlook 2025: 5 most sought-after areas for buying an apartment in the Mumbai Metropolitan Region

Hindustan Times  

Mumbai real estate market reported over 1.41 lakh property registrations in 2024 and is expected to grow steadily in 2025, according to experts. However, according to the property registration data, western suburbs and central suburbs remain the most sought-after areas for buying an apartment in the Mumbai real estate market, data from Knight Frank India, a real estate consultancy, reveals. …

Stamp duty, registration below target, lower than last 2 yrs’ collection
2 months, 3 weeks ago

Stamp duty, registration below target, lower than last 2 yrs’ collection

Hindustan Times  

MUMBAI: While the fiscal deficit in the ongoing financial year 2024-25 is expected to widen, the revenue collection from stamp duty and registration has dipped compared to the cumulative collection in the past two years. The collection from stamp duty and registration until December 31 is ₹39,767 crore or 72.3% against the target of ₹55,000 crore set for the financial …

’23 years to register property’: How UP man bought Dawood Ibrahim’s Mumbai shop
Trending News
2 months, 3 weeks ago

’23 years to register property’: How UP man bought Dawood Ibrahim’s Mumbai shop

Live Mint  

When underworld don Dawood Ibrahim's properties were not attracting buyers during auctions, Hemant Jain decided to take a risk by investing in a 144-square-foot shop in Mumbai's Nagpada area. “I bid for the property after reading in a newspaper that Dawood's properties weren't attracting buyers,” Hemant Jain said about his purchase of real estate linked to Dawood Ibrahim, one of …

Property registrations in Hyderabad real estate market dipped 12% annually to 5,516 units in November
3 months ago

Property registrations in Hyderabad real estate market dipped 12% annually to 5,516 units in November

Hindustan Times  

Hyderabad's property registrations dipped 12% Year-on-Year to 5,516 units in November 2024 from 6,268 units a year ago. Hyderabad recorded home sales worth ₹3,495 crore in November 2024, reflecting a 7% year-on-year drop from ₹3,741 crore last year and 3% month-on-month decline from ₹3,617 crore in October. "Overall property registrations in Hyderabad moderated in November 2024, but demand for high-value …

Pune real estate market's property registrations report an 11% YoY fall in November, stamp duty collections fall by 2%
3 months ago

Pune real estate market's property registrations report an 11% YoY fall in November, stamp duty collections fall by 2%

Hindustan Times  

Pune's real estate market reported an 11% fall in the total number of property registrations in November 2024, with 13,371 property registrations, and a 2% revenue fall to ₹475 crore from ₹485 crore, according to data from the Maharashtra government. Pune's real estate market reported an 11% fall in the total number of property registrations in November 2024 On a …

Pune real estate market's property registrations record 39% increase YoY in October, stamp duty collections up by 52%
3 months, 3 weeks ago

Pune real estate market's property registrations record 39% increase YoY in October, stamp duty collections up by 52%

Hindustan Times  

Pune real estate market reported a 39% year-on-year increase in property registrations that stood at 20,894 in October 2024 compared to 24,983 in September 2024. Pune real estate market reported a 39% year-on-year spike in property registrations that stood at 20,894 in October 2024 compared to 24,983 in September 2024 The month-on-month property registrations also almost doubled from 11,056 property …

Mumbai's Diwali Delight: Property Registrations Surge 22%, Revenue Rises 52% To Rs 1,081 Crore
4 months, 3 weeks ago

Mumbai's Diwali Delight: Property Registrations Surge 22%, Revenue Rises 52% To Rs 1,081 Crore

ABP News  

Mumbai's property registration revenues have surged by 52% this Diwali, reaching a record high of Rs 1,081 crore. This surge is attributed to the festive season coinciding with the Diwali and Dussehra holidays, which are considered auspicious for property buying. The average ticket price for homes reached its highest point in October 2024 at Rs 1.66 crore, indicating a surge …

Mumbai real estate: Residential property sales dip 14.79% in September
5 months, 3 weeks ago

Mumbai real estate: Residential property sales dip 14.79% in September

Hindustan Times  

Mumbai: The sale of residential homes in Mumbai took a beating this September as 14.79% lesser homes were sold during the month compared to September 2023, according to data from the state government’s department of registration and stamps. Property sales dip 14.79% in Sept ’24 A total of 10,693 homes were sold in September last year while this year, the …

Decline in Mumbai’s revenue post-octroi worrisome, finds Praja report
5 months, 3 weeks ago

Decline in Mumbai’s revenue post-octroi worrisome, finds Praja report

Hindustan Times  

Mumbai: There is a worrying decline in tax revenues in civic coffers following the abolition of octroi in Maharashtra, according to a new report released on Thursday by Praja Foundation. Mumbai fares better than other cities because the Brihanmumbai Municipal Corporation has a legacy of competent tax and charge collection. Any future mandate would come only through recommendations from the …

Revenue, finance depts oppose CM’s stamp duty slashing announcement
6 months, 2 weeks ago

Revenue, finance depts oppose CM’s stamp duty slashing announcement

Hindustan Times  

MUMBAI: Although chief minister Eknath Shinde has announced reduction in stamp duty on registration of properties to give boost to the real estate sector, state’s revenue and finance departments have opposed the move saying it would lead to loss of upto ₹25,000 crore revenue which would not be bearable when the state is spending enormous amounts of money on populist …

Mumbai records 11,735 property registrations in August 2024; stamp duty collections hit ₹1072 crore
6 months, 3 weeks ago

Mumbai records 11,735 property registrations in August 2024; stamp duty collections hit ₹1072 crore

Hindustan Times  

Mumbai witnessed a 8% Year-on-Year increase in property registrations in August 2024 with the number rising to 11,735 from 10,902 a year earlier, according to the data of the Inspector General of Registration and Controller of Stamps of Maharashtra. Mumbai witnessed a 8% Year-on-Year increase in property registrations in August 2024 with the number rising to 11,735 from 10,902 a …

Share of property registrations by Mumbai's senior citizens up by 200% after Covid-19: Report
6 months, 3 weeks ago

Share of property registrations by Mumbai's senior citizens up by 200% after Covid-19: Report

Hindustan Times  

The share of property registrations by homebuyers aged more than 61 years has increased by 204%, from 7,554 in 2020 to 15,276 in 2024, with senior citizens being more inclined to upgrade to bigger homes after the pandemic, a recent study on property registration trends in Mumbai by Knight Frank India has shown. The share of property registrations by homebuyers …

Mumbai property registrations increase by 19% Y-o-Y in July 2024; stamp duty collections up by 27%
7 months, 3 weeks ago

Mumbai property registrations increase by 19% Y-o-Y in July 2024; stamp duty collections up by 27%

Hindustan Times  

Property registrations in the Mumbai real estate market grew by more than 19% to touch 12,160 in July 2024 from 10,221 a year earlier, according to the data shared by the Inspector General of Registration and Controller of Stamps of Maharashtra. Property registrations in the Mumbai real estate market grew by more than 16% to touch 12,160 in July 2024. …

Apex builders’ association writes to CM about sorry state of property registration offices
8 months, 2 weeks ago

Apex builders’ association writes to CM about sorry state of property registration offices

Hindustan Times  

The Builders’ Association of India, the apex body of engineering construction contractors and builders, has complained to chief minister Eknath Shinde about the abysmal facilities in the property registration offices across the state. HT Image A letter, written by BAI vice president Anand Gupta, says that other than the offices being too small, there is no proper sanitation facilities and …

Mumbai Sees Record-Breaking Property Registrations In June, Highest In 12 Years: Report
8 months, 3 weeks ago

Mumbai Sees Record-Breaking Property Registrations In June, Highest In 12 Years: Report

News 18  

Mumbai city recorded approximately 11,443 property registrations in June 2024, contributing over Rs 986 Crores to the state exchequer. In June 2024, Mumbai experienced the highest number of property registrations for any June month in the past 12 years. Average number of registrations in H1 2024 stood above 12-month average of 2023 While property registrations in the city saw YoY …

Mumbai property registrations rise 11% Y-o-Y in June 2024; stamp duty collections up by 15%
8 months, 3 weeks ago

Mumbai property registrations rise 11% Y-o-Y in June 2024; stamp duty collections up by 15%

Hindustan Times  

Property registrations in the Mumbai real estate market grew by more than 11% to 11,443 in June 2024 from 10,319 a year earlier, according to the data shared by the Inspector General of Registration and Controller of Stamps of Maharashtra. In May 2024, a total of 12,000 property registrations were reported in the Mumbai real estate market. Property registrations in …

Stamp duty hiked for several transactions
10 months, 2 weeks ago

Stamp duty hiked for several transactions

The Hindu  

A multi-fold increase in the stamp duty has been effected for several transactions. The stamp duty for registration of an instrument regarding power of attorney for the sale of immovable property for consideration was originally fixed at 4% on the value of consideration. A senior government official explains that the amendment to the Indian Stamp Act, 1899, has been done …

Mumbai records more than 11,500 property registrations in April 2024; ₹1,043 crore collected in stamp duty
10 months, 3 weeks ago

Mumbai records more than 11,500 property registrations in April 2024; ₹1,043 crore collected in stamp duty

Hindustan Times  

As many as 11,504 units were registered in Mumbai in April 2024 up by 9% year-on-year, adding over ₹1,043 crore to the state exchequer. As many as 11,504 properties were registered in Mumbai in April 2024 up by 9% year-on-year, adding over ₹ 1,043 crore to the state exchequer. Revenue collection in April 2024 records best for the month of …

Real estate boom: Revenue from stamp duty and registration crosses ₹50,400 crore
11 months, 3 weeks ago

Real estate boom: Revenue from stamp duty and registration crosses ₹50,400 crore

Hindustan Times  

Mumbai: The revenue collection from the stamp duty registration in the financial year 2023-24 has crossed ₹50,400 crore, with a whopping 13% rise over last year’s collection, thanks to the continued buoyancy in the real estate sector and government drive to recover dues. Sonawane said that the whopping collection was due to rigorous recovery rather than the boost in the …

Mumbai records over 14,400 property sale registrations in March 2024, up 10% YoY
11 months, 3 weeks ago

Mumbai records over 14,400 property sale registrations in March 2024, up 10% YoY

Hindustan Times  

Mumbai city recorded registration of 14,411 properties, contributing to a revenue of ₹1,143 crore for the state government in the month of March 2024. Mumbai city recorded registration of 14,411 properties, contributing to a revenue of ₹ 1,143 crore for the state government in the month of March 2024 On a month-on-month basis, total registration and stamp duty collections increased …

AO Must Follow Mandate Of Sec 50C If Values Adopted By Stamp Value Authorities Exceeds FMV Of Property: Mumbai ITAT
1 year ago

AO Must Follow Mandate Of Sec 50C If Values Adopted By Stamp Value Authorities Exceeds FMV Of Property: Mumbai ITAT

Live Law  

On finding that AO has not computed capital gains by adopting the stamp duty value, the Mumbai ITAT restored the matter back to the file of the AO to follow the mandate of provision u/s 50 of the Income Tax Act, 1961, and decide the issue afresh after giving the assessee an adequate opportunity of hearing. The Bench of the …

Mumbai's real estate hits a 12-year high; property registrations touch 11,742 units in Feb 2024
1 year ago

Mumbai's real estate hits a 12-year high; property registrations touch 11,742 units in Feb 2024

Hindustan Times  

Mumbai city in February 2024 recorded registrations of 11,742 properties which is an increase of 21 percent over last year, The sale registrations contributed to a revenue of ₹865 crore for the state government, Maharashtra government's Department of Registrations and Stamps' data showed. HT PHOTO BY PUNEET CHANDHOK 18/08/09 - AUG09 2K9 February 2024 sets record for best February month …

Over 10,900 properties registered in Mumbai in Jan 2024, up 21% YoY
1 year, 1 month ago

Over 10,900 properties registered in Mumbai in Jan 2024, up 21% YoY

Hindustan Times  

Mumbai city is projected to witness registration of 10,901 properties in January 2024 on the back of strong residential demand, contributing to a revenue of ₹746 crore for the state government. Mumbai city is projected to witness registration of 10,901 properties in January 2024 on the back of strong residential demand, contributing to a revenue of ₹ 746 crore for …

Registration of properties in Pune up by 10% in 2023 amid higher demand: Report
1 year, 2 months ago

Registration of properties in Pune up by 10% in 2023 amid higher demand: Report

Hindustan Times  

Property registrations in Pune for the period of January to December 2023 reached a total of 152,323 marking a 9.6% increase compared to the previous peak year. Increase in purchase of properties more than ₹ 1 crore in December 2023 In December 2023, residential units priced between ₹50 lakh and ₹1 crore were the most sought-after, comprising 34% of all …

Property sale registrations touch decadal high in Nov 2023
1 year, 3 months ago

Property sale registrations touch decadal high in Nov 2023

Hindustan Times  

Mumbai: The uptick in real estate sales and registrations touched a new record in annual property registrations in Mumbai with 1.14 lakh registrations registered in first 11 months, the highest in a decade, an assessment from international property consultants Knight Frank India said on Thursday. HT Image 2013 recorded annual property sale registrations of 57,460 units and stamp duty revenues …

Mumbai Records 9,923 Property Registrations In July, Down 4 Per Cent From June: Report
1 year, 7 months ago

Mumbai Records 9,923 Property Registrations In July, Down 4 Per Cent From June: Report

ABP News  

Mumbai's property registrations in July saw a marginal decline, with only 9,923 units being registered. The revenue collected by the government in July 2023 amounted to Rs 808 crore, reflecting a 6 per cent fall from June 2023 and a 3 per cent decline from July 2022. Anuj Puri, chairman, Anarock Group, said, "A quick assessment of new unit launches …

Mumbai’s Home Buying Appetite Strong, April Records Decadal Best Revenue From Stamp
1 year, 10 months ago

Mumbai’s Home Buying Appetite Strong, April Records Decadal Best Revenue From Stamp

News 18  

Mumbai city saw property sales registration of 9,867 units in April 2023, adding over Rs 840 Crores to the state exchequer, registering its highest ever revenue collection for the month of April, in the last 10 years. According to a Knight Frank India report, the daily average property registration in April 2023 was 352 units, making it the second-best April …

Mumbai Home Sales Increased Despite High Repo Rate, Says Report
1 year, 11 months ago

Mumbai Home Sales Increased Despite High Repo Rate, Says Report

News 18  

Mumbai city saw property sales registration of 12,421 units in March 2023, contributing over Rs 1,143 Crores to the state revenues. Western suburb and Central suburb account for 84% of the total market Bulk of the sales registrations were for properties in Western suburbs constituting 62% of the market share in March 2023, while 25% of registrations were for properties …

State saw 35% rise in revenue from stamp duty, registration in 2022-23
1 year, 11 months ago

State saw 35% rise in revenue from stamp duty, registration in 2022-23

Hindustan Times  

The state government has mopped up a whopping ₹43,289 crore in stamp duty and registration, about 35% more than its ₹32,000-crore target set for the 2022-23 financial year. Shravan Hardikar, inspector general of registration, said, “We saw the advance payment of the stamp duty at the beginning of the year as home buyers wanted to take advantage of the waiver. …

Pune real estate body urges govt to slash stamp duty
1 year, 11 months ago

Pune real estate body urges govt to slash stamp duty

Hindustan Times  

Stressing that it will be a win-win situation for consumers, real-estate industry and the state government, CREDAI Pune Metro has written to chief minister Eknath Shinde, deputy chief minister Devendra Fadnavis and top Inspector General of Registration -stamp officials to reduce stamp duty rates. Every year, government revises ready reckoner rates from April 1 The real estate body has urged …

Maharashtra Stamp Act | Collector Has No Power To Revise Stamp Duty Once It's Already Been Levied & Paid: Bombay High Court
2 years, 7 months ago

Maharashtra Stamp Act | Collector Has No Power To Revise Stamp Duty Once It's Already Been Levied & Paid: Bombay High Court

Live Law  

The Collector of Stamps under the Maharashtra Stamp Act cannot revise stamp duty once it has been levied and paid, the Bombay High Court held earlier this year. Advocate Mayur Kandeparkar for the petitioner argued that the Collector acted in violation of principles of natural justice as no hearing was granted to the petitioner before revising the stamp duty and …

Mumbai: Property registrations escalated in July; Over 11,300 units registered
2 years, 7 months ago

Mumbai: Property registrations escalated in July; Over 11,300 units registered

Live Mint  

Mumbai witnessed huge demand for properties last month as a result the registrations also saw an uptick, according to a report by Knight Frank India. "The number of units registered in July 2022 was the best in a decade for the month of July," property consultant Knight Frank said in a statement. House costs in Mumbai: As per the latest …

Mumbai property registrations spike
3 years, 5 months ago

Mumbai property registrations spike

Deccan Chronicle  

Mumbai:After record property registrations in September, the month of October has also begun on a positive note with higher daily property registrations during the festive season. "Mumbai city housing market is on track to record a stellar festive season,” said a report by real estate consultancy firm Knight Frank India. "The city recorded property registrations of 2,494 units or daily …

Mumbai Property Registration At 10-Year High
3 years, 5 months ago

Mumbai Property Registration At 10-Year High

Deccan Chronicle  

New Delhi: The registrations of property in Mumbai witnessed a 10-year high in September led by record-low home loan interest rates and incentives offered by developers. As per the data available from the government's Department of Registration and Stamps, September 2021 saw 7,799 properties being registered in Mumbai, up 15 per cent from the previous month of August which saw …

Mumbai Homebuyers Can Avail Rs 5 lakh Discount, Low Stamp Duty Rate till 15 May
3 years, 10 months ago

Mumbai Homebuyers Can Avail Rs 5 lakh Discount, Low Stamp Duty Rate till 15 May

News 18  

Runwal Group, one of the leading developers in Maharashtra, on Tuesday said that it has launched ‘Runwal Summer Online Home Fest’ for homebuyers. It is a platform that offers price benefits, lucky draws, several payment plans and stamp duty discounts to customers. Homebuyers will get several discounts on various projects of Runwal Group — Runwal Bliss and Runwal Avenue at …

Maharashtra Govt Temporarily Reduces Stamp Duty to 2% to Boost Demand in Real Estate Amid Slowdown
4 years, 7 months ago

Maharashtra Govt Temporarily Reduces Stamp Duty to 2% to Boost Demand in Real Estate Amid Slowdown

News 18  

In a bid to encourage buying in the retail sector hit by COVID-19, the Maharashtra government on Tuesday temporarily reduced stamp duty on housing units from 5 per cent to 2 per cent until December 31, 2020. Real estate developers had been asking for a reduction in stamp duty following the lockdown to encourage homebuyers to buy properties during the …

Demonetisation effect: Fewer property registrations in Maharashtra
8 years, 4 months ago

Demonetisation effect: Fewer property registrations in Maharashtra

Hindustan Times  

Demonetisation has led to a drop in the number of registrations in the stamp duty and registration department of the state government. The stamp duty and registration department had set a target of Rs23,548 crore for this financial year, of which they have recovered 52% so far. In the last financial year, it managed to meet its target of Rs21,767 …

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