As Mumbai's real estate market continues to rise, Greater Mumbai property registrations rose 12% in 2024 to over 1.5 lakh in the first nine months. This 12% YoY rise in registrations has brought Rs 8,892 crore to the state exchequer.

Maharashtra Property Registration Office Starts Hiding Fingerprints and Aadhaar Numbers on Scanned Sale documents and Rental Agreements

November 2022 saw a 15 percent year-over-year increase in property registrations in Mumbai and a 22 percent year-over-year increase in government income collection.

According to Mumbai property specialists, the number of property sale registrations in BMC-registered Mumbai in September 2022 exceeded 8,600 units. These property registrations generated around 7341 Cr rupees to the economy of Maharashtra.

In Maharashtra, over 400 real estate developers have submitted for e-registration of their projects from their offices since October 2021, when the online service for first-sale homes was offered to reduce congestion at the state's sub-registrar offices.