Mumbai property market sees 8 per cent surge in August
The Sunday Guardian|September 01, 2024
In August 2024, approximately 11,735 properties were registered within Mumbai’s municipal limits, generating over Rs 1,072 crore in stamp duty revenue for the state exchequer which marks an 8 per cent increase in property registrations and 32 per cent rise in revenue year-on-year (YoY), according to Knight Frank report.
Mumbai property market sees 8 per cent surge in August

The Mumbai property market has reached a milestone, recording the highest property registrations and revenue collections in a decade. Residential units dominated the market, comprising 80 per cent of the total registrations, signalling continued strong demand for housing in the city.

Mumbai’s property market has seen a consistent rise in transactions, with property sales exceeding 10,000 units for the first eight months of the year, marking eleven consecutive months of annual growth since August 2023.

This story is from the September 01, 2024 edition of The Sunday Guardian.

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This story is from the September 01, 2024 edition of The Sunday Guardian.

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