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Reading: Authorities earns Rs 1,057 crore as Mumbai registers over 11,000 property gross sales in Might: Knight Frank
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StockWaves > Business > Authorities earns Rs 1,057 crore as Mumbai registers over 11,000 property gross sales in Might: Knight Frank
Business

Authorities earns Rs 1,057 crore as Mumbai registers over 11,000 property gross sales in Might: Knight Frank

StockWaves By StockWaves Last updated: June 1, 2025 2 Min Read
Authorities earns Rs 1,057 crore as Mumbai registers over 11,000 property gross sales in Might: Knight Frank
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Mumbai witnessed a 11,504 property sale registrations in actual property market in Might 2025, in accordance with Knight Frank India.

This gross sales in the actual sector is a 5.3 per cent enhance in comparison with Might final 12 months.

The surge in property transactions resulted in income for the Maharashtra authorities with stamp responsibility collections crossing Rs 1,057 crore in the course of the month.

In the meantime, native residence patrons continued to dominate with 86 per cent of the transactions coming from residents inside the Mumbai Metropolitan Area (MMR).

On common, 555 property registrations have been recorded day by day which is the third consecutive month the place day by day registrations remained above the five hundred mark.

Whereas, mid-sized houses remained essentially the most sought-after, significantly flats measuring between 500 and 1,000 sq. ft which accounted for 47 per cent of complete gross sales.

The western suburbs market has contributed 59 per cent of all registrations.

Knight Frank India additionally famous that the demand for housing in Mumbai continues to be sturdy.

The true property agency highlighted that patrons are more and more choosing tasks by reputed builders within the major market.

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