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5d ago

Western and Central Suburbs Capture 88% of Mumbai Property Registrations in July

Stable registration volumes of 12,366 properties generated ₹1,101 crore in stamp duty revenue, signaling stronger luxury housing demand.

Mumbai real estate market recorded over 88,426 property registrations in the Jan-July period, marking a 4% YoY increase on year-to-date basis. (Picture for representational purposes only)
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Overview

  • Mumbai registered 12,366 properties in July, marking a 0.1% year-on-year decline but a 7% monthly increase from June.
  • Western and Central suburbs combined for 88% of July registrations, while South Mumbai’s share slipped to 6% from 8% a year earlier.
  • Stamp duty collections for the month grew 3% year-on-year to ₹1,101 crore.
  • From January through July, registrations rose 4% to 88,426 and stamp duty revenue jumped 13% to ₹7,832 crore, the strongest first-half performance since 2013.
  • Transactions above ₹5 crore accounted for 6% of July deals and apartments up to 1,000 sq ft dominated at 82% of registrations.