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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
Mumbai realty hits record high in March, highest-ever stamp duty collection
The market’s performance during the month has also helped the state exchequer fetch highest ever revenue through stamp duty collection.
The country’s financial capital witnessed registration of over 15,400 property deals, up 9% from a year ago, showed data from the Inspector General of Registration (IGR) and Controller of Stamps, Maharashtra. The stamp duty collection grew 41% on-year to Rs 1,584 crore, making it the best performance in the month of March ever.
“Mumbai’s real estate market has once again demonstrated its resilience, closing the financial year 2024-25 with substantial stamp duty collections and consistent growth in high-value transactions…The robust demand for premium homes reflects sustained buyer confidence and economic stability, while the preference for larger apartments signals evolving homebuyer aspirations. The anticipated easing of interest rates in the coming months is likely to further bolster market sentiment,” said Shishir Baijal, CMD, Knight Frank India.
The performance in March has pushed total registrations to 1,44,000, up 9% on-year and stamp duty collection to nearly Rs 13,000 crore, a 22% surge. A quarter-on-quarter comparison further underscores this momentum. During the quarter of 2025 (January–March), registrations rose 22% from a year ago, while stamp duty collections grew 27%.
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«The Mumbai real estate market continues to show strong growth prospects, driven by strategic infrastructure advancements and a sharper focus on urban planning. Improved connectivity
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