India, Sept. 2 -- Property sales in Mumbai have taken a hit. Registration data available with Maharashtra's Inspector General of Registration and Controller of Stamps (IGRCS) shows that the realty market is down by 11.33% month on month (July and August) and 3.51% compared to last August.

Real-estate pundits are of the view that there could be a further fall in sales if India does not manage to get the US tariffs rolled back. Donald Trump has levied a 50% tariff and 1% penalty on several Indian goods and services, which is anticipated to have an adverse impact on the Indian economy, including a potential increase in unemployment levels. The tariffs came into effect from August 27.

The IGRCS statistics show that in August 2025, 11,230 pr...