October 2024 saw record property registrations in Mumbai owing to a good purchasing season. Mumbai's property registration revenue is estimated at ₹1,081 crore as of October 29, 2024, as reported by Maharashtra's IGR. An increase of 52% from the ₹712 crore recorded on Diwali in November 2023.

The idea was accepted by the Maharashtra state cabinet almost 3 years ago in 2019. All apartment owners were required to obtain these property cards, which included information regarding carpet areas, amenity space, bank loan details, and a 712-section image of the property.