Mumbai Property Registration

The share of overall property registrations by buyers of aged 61 and above surged 204 per cent in Mumbai, increasing from 7,554 in 2020 to 15,276 in 2024, as elderly buyers sought better properties for a stable lifestyle, a report showed on Friday.

Over 11,700 properties were registered in Mumbai this month and the state government collected a record Rs 865 crore in stamp duties alone, a report by Knight Frank India said.

"Post-Covid, the need for house ownership has driven property sales in Mumbai city. This is evident from 2022 that emerged as a second consecutive year recording property registrations over 1 lakh units after 2021," Knight Frank said.

According to a recent research report by real estate consultancy Knight Frank, the property registrations were down 15 per cent in May, compared to 6,270 units registered in May 2019.

The registrations of residential properties in the financial capital of the country - Mumbai, declined 42 per cent to 10,136 units, amid the COVID wave and the expiry of the stamp duty period.

The registration of residential properties last month witnessed a sharp increase of 67 per cent YoY to 9,301 units due to higher demand in festive season and reduction in the stamp duty by the Maharashtra government

Mumbai property sale registrations fell 5.9 per cent to around 15,000 in July 2012 in comparison to July 2011.

Lease volumes rose 58 per cent year-on-year in November.

The share of overall property registrations by buyers of aged 61 and above surged 204 per cent in Mumbai, increasing from 7,554 in 2020 to 15,276 in 2024, as elderly buyers sought better properties for a stable lifestyle, a report showed on Friday.

Over 11,700 properties were registered in Mumbai this month and the state government collected a record Rs 865 crore in stamp duties alone, a report by Knight Frank India said.

"Post-Covid, the need for house ownership has driven property sales in Mumbai city. This is evident from 2022 that emerged as a second consecutive year recording property registrations over 1 lakh units after 2021," Knight Frank said.

According to a recent research report by real estate consultancy Knight Frank, the property registrations were down 15 per cent in May, compared to 6,270 units registered in May 2019.

The registrations of residential properties in the financial capital of the country - Mumbai, declined 42 per cent to 10,136 units, amid the COVID wave and the expiry of the stamp duty period.

The registration of residential properties last month witnessed a sharp increase of 67 per cent YoY to 9,301 units due to higher demand in festive season and reduction in the stamp duty by the Maharashtra government

Mumbai property sale registrations fell 5.9 per cent to around 15,000 in July 2012 in comparison to July 2011.

Lease volumes rose 58 per cent year-on-year in November.