Mumbai property registrations peak in June

04 Jul 2022 CW Team

Despite the increase in interest rates and the elimination of the reduced stamp duty advantage, Mumbai, the largest and most expensive real estate market in the nation, continued its record-breaking streak in June.

The number of property registrations in India's financial hub increased by 23 per cent from a year earlier to over 9,675 during the month, making it the largest in terms of both the volume of transactions and the amount of stamp duty collected. The state exchequer has received over Rs 7.14 billion from stamp duty fees, up more than 70 per cent from a year ago due to the larger number of agreements that were completed.

Growing employment and job markets, increased incomes, income stability, returning to the office and campus scenarios, and substantial core sectors of the economy that pose a greater degree of resumption all have a good cumulative effect on the demand for homes.

Homes between 500 and 1000 sq ft were the most popular kind of apartment during the month, with over 52 per cent of property registrations falling in the Rs 10 million and above price range.

With a contribution of 46 per cent of June's registrations, the age group of 31 to 45 years old had the highest percentage of house purchasers. 32 per cent of homebuyers were in the 46 to 60 year old age range, while 11 per cent were under 30 and 11 per cent were over 60. 38 per cent of the properties registered during the month are tiny dwellings under 500 sq ft, up from 34 per cent in May.

Following the state government's announcement of a limited-window cut in stamp duty, Mumbai has recently been establishing new standards for real estate transactions.

Building Material

11 Nov 2025

Kamdhenu Reports Highest-Ever Profitability in H1 FY26

Kamdhenu, India’s largest manufacturer and seller of branded TMT Bars in the retail segment, announced its unaudited financial results for the quarter and half year ended 30 September 2025. The company delivered its strongest profitability to date, driven by higher royalty income and continued cost optimization.During Q2 FY26, Kamdhenu reported revenue from operations of Rs 1.91 billion, a marginal increase from Rs 1.90 billion in Q2 FY25, while profit before tax rose 23 per cent to Rs 250.7 million. The PBT margin improved to 13.5 per cent, compared to 11.0 per cent in the same period last ..

Ester–Loop JV to Supply Sustainable Materials to Nike

Loop Industries, a clean technology company advancing the circular economy, has announced a multi-year offtake agreement with NIKE, Inc., the global leader in athletic footwear and apparel. Under the agreement, Loop will supply Twist, its virgin-quality circular polyester resin made entirely from textile waste, making Nike the anchor customer for the upcoming Infinite Loop India manufacturing facility being developed in partnership with Ester Industries.The agreement marks a significant milestone in Loop’s commercialisation strategy and underscores Nike’s commitment to scaling sustainable ..

Eicher Launches Pro X Diesel Range for Last-Mile Logistics

Eicher Trucks and Buses, a division of VE Commercial Vehicles (VECV), has launched the Eicher Pro X Diesel, expanding its next-generation portfolio in the 2–3.5T small commercial vehicle (SCV) segment. Following the debut of the Eicher Pro X EV at the Bharat Mobility Global Expo earlier this year, the new diesel variant combines Eicher’s expertise in fuel efficiency, performance, and application-specific design, catering to customers and regions reliant on diesel-powered solutions.Built through extensive customer collaboration, the new Pro X Diesel range is positioned as an “Expert” so..