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“ The post-pandemic period created an exceptionally high base for comparison. Between 2021 and 2024, rising residential prices, a surge in premium and luxury housing launches, and strong demand drove record stamp duty collections. As the market enters a more stable phase, monthly collections are increasingly reflecting normalised pricing rather than extraordinary price appreciation. In my view, this is a sign of a maturing real estate market and a natural part of the market cycle. We should not read too much into the recent moderation,
Vikram Singh Mehta
Vikram Singh Mehta,
Mumbai property registrations hit record highs, but stamp duty…

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