Annual property registrations in Mumbai reached a record high of 1.14 lakh registrations in the first 11 months of 2023, the highest in a decade, according to Knight Frank India. The figure represents a 122% year-on-year growth and indicates a strong demand for bigger and better homes. Despite a dip in registrations and revenues in November 2023, the overall trend is positive, with a 10% year-on-year rise in property registrations and stamp duty revenues expected to surpass ₹10,000 crore for the first time ever. Central and Western suburbs accounted for over 75% of the total properties registered.
Property sale registrations touch decadal high in Nov 2023
