Mumbai real estate update: With the festivals of Navratri and Diwali, October too saw registrations rise in the city, jumping 21 percent over the previous year.
With the festive season kicking in from Navratri, revenue from Mumbai property registrations rose 11 percent to Rs 809 crore in October, according to official data.
In the first nine months of 2023, Mumbai reported 94,383 registrations, resulting in a substantial revenue of Rs 8,389 crore for the state treasury, the highest in this timeframe since 2013.
Mumbai reported over 10,515 property registrations in the month, up 22 percent over the previous year, and revenue from registrations stood at over Rs 783 crore, a 21 percent rise