Real Estate India

Maharashtra Property Registrations Hit Record 1.5 Lakh Units in 2024

By GeoSquare News Desk · Published 2026-11-02

Maharashtra's property market closed 2024 on a historic high, with over 1.5 lakh units registered across the state. This milestone reflects strong residential demand, improved infrastructure, and steady interest rates that kept buyer sentiment positive throughout the year.

Mumbai and Pune Lead the Surge

Mumbai and Pune emerged as the primary growth engines, together accounting for a major share of registrations. Both cities saw consistent monthly sales, driven by end-users and investors alike, with mid-segment and premium housing performing particularly well.

Infrastructure Projects Boost Confidence

Key infrastructure developments, including the Coastal Road and expanding Metro networks, have significantly enhanced connectivity and livability. These projects are reshaping neighbourhoods and making peripheral areas more attractive, widening the buyer pool across the state.

What's Driving Demand?

Industry experts attribute the record numbers to a combination of factors: stable lending rates, government incentives, and a growing preference for homeownership. The shift towards larger homes and ready-to-move-in properties also played a role, as buyers sought certainty in delivery timelines.

Outlook for 2025

With infrastructure upgrades continuing and new commercial hubs emerging, Maharashtra is expected to maintain its momentum. Developers are launching projects aligned with buyer preferences, and the state remains a hotspot for real estate investment in India.