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Mumbai Property Registrations Jump 20% in November to 12,219 as Stamp Duty Collections Rise 12%

A tilt toward pricier homes atop dominant residential demand signals a sturdier baseline for Mumbai’s market.

Overview

  • Official IGR data show registrations rose 5% from October, with stamp duty collections holding steady month on month.
  • About four in five November deals were residential, according to Knight Frank’s analysis.
  • Smaller homes continued to lead activity, with units up to 1,000 sq ft accounting for 84% of registrations.
  • Luxury momentum strengthened as homes priced above ₹5 crore reached a 7% share, up from 5% a year earlier.
  • Western and Central suburbs dominated with 85% of registrations, while year-to-date totals hit 135,807 deals and ₹12,224 crore in revenue.