Mumbai Property Market Sees 12% Annual Growth in June Amidst Rising Demand
Strong buyer confidence and favorable sentiments towards home ownership drive Mumbai's real estate market growth, despite higher property prices.
Mumbai Real EstateProperty SalesKnight FrankReloyIndian EconomyReal EstateJun 29, 2024
Frequently Asked Questions
What was the growth rate of property registrations in Mumbai in June?
12% annually
How many units were registered in Mumbai in June?
Nearly 11,600 units
What is driving the growth of Mumbai's real estate market?
Rising economic prosperity and a favorable sentiment towards home ownership
What is the outlook for demand in the mid to long-term?
Robust demand is expected to persist, driven by strong GDP growth, rising income levels, and a favorable interest rate environment
Which firms provided insights into the Mumbai property market?
Knight Frank and Reloy
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