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Stamp Duty Revenue Surges 22% to Rs 10,869 Cr in Maharashtra, Mumbai Property Registration Soars 31%, India

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Stamp duty revenue and property registrations in Mumbai have soared, with a 22% increase in revenue and a record-breaking 31% rise in property registrations. Residential units account for 80% of the registrations, indicating strong demand in the housing sector. Rising income levels and a positive homeownership outlook have contributed to this surge in demand. The stability of interest rates and a preference for larger homes have also boosted the market. This promising trend reflects the strength of Mumbai's real estate sector.

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