Mumbai Real Estate Sales Data – July 2023

DROP in Sales in July 2023…

Units sold: 10,221

Stamp Duty collected in July: 831 cr

Change in Property Registrations and Stamp Duty Collections on a Yearly Basis: –

• Fall in Sales Registrations ~ 9.9%
• Rise in Stamp Duty Collections ~ 0.3%

What explains the DIP in Sales Registrations?

• The Base Effect. Post covid has witnessed a shift in the base numbers
• The Price Rise witnessed in the last few months has had an impact
• Economic headwinds like slowdown in US and Euro are dampening the sentiment across asset classes

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