Even after interest rates hiking, buyers invested in Mumbai’s property registration market, India’s most expensive, bringing sales to 8,130 transactions this month and the market making ₹630 Cr solely from stamp duty revenue. 40% higher bookings than pre-pandemic period and 50% higher revenue than last year, August has otherwise been historically slow in the past 10 years. Speculations of repo rate hike in the present month, led to 11,340 sales in July.
