Mumbai property market scales new peak in 2024, records best-ever performance

Mumbai’s property market has achieved its best annual performance in 2024 with over 1.41 lakh registrations, surpassing last year's record by 11%. Stamp duty collection increased by 12% to over Rs 12,138 crores. The demand for higher-value properties and spacious homes has grown, driven by improved infrastructure and economic conditions. This trend is expected to continue in 2025.