Mumbai Recorded Best In 11 Years Property Sale Registrations In 2023
Mumbai recorded the best in 11 years the total property sale registrations in 2023. This resulted in the best year since 2013 for property sales for this region surpassing last year’s peak by 4 per cent, data compiled by real estate consultant Knight Frank India showed.
In 2023, the Mumbai city area which falls under Brihanmumbai Municipal Corporation (BMC) jurisdiction, recorded total registrations of 127,139 properties. The registration number hit a record in 2023, beating the previous high of 1,22,035 units in the previous year.
The state government collected a revenue of Rs 10,889 crore as stamp duty in 2023, up 22 per cent from the previous year. In December, 12,487 units were registered in Mumbai city (an area under BMC jurisdiction), up 33 per cent from 9,367 units in the year-ago period.
Tags : property sale registrations Welfare Association Dev Land and Housing Puma Realtors Golden Dreams Buildcon Metro Satyam Developers Pegasus Ventures