Hindustan Times-Festive season 2024: Property registrations in Mumbai up by 13%, stamp duty revenue increases by 15%
The Mumbai real estate market reported a 13% increase in property registrations during Navratri 2024. Property registrations during the nine-day festive period increased to 5,199 from 4,594 in Navratri 2023, according to property registrations data by the Inspector General of Registration and Controller of Stamps of Maharashtra.
The state exchequer collected ₹502 crore during Navratri 2024 which was 15% more than the ₹436 crore earned from property registrations in Navratri 2023, an analysis by Knight Frank India showed.
According to the data collated by Knight Frank India, a daily average of 510 property units were registered during the nine days of Navratri 2023. This went up to 578 property units during the nine days of Navratri 2024.
