Real estate consultant Knight Frank India, in its annual report, stated that Mumbai property sales had its best year in 2023, an 11-year high. Brihanmumbai Municipal Corporation (BMC) witnessed a boom, posting a total of 127,139 property registrations—a 4 per cent increase over the previous peak in 2013.

According to a report in ANI, the stamp duty revenues in 2023 reached a 10-year high of Rs 10,889 crore, representing a significant 22 per cent year-on-year increase. Through 12,487 property registrations, December alone contributed Rs 952 crore to the state government`s revenue.