Mumbai Property Registrations See 5% Uptick in November: Knight Frank Report
The latest report from Knight Frank highlights a 5% increase in property registrations in Mumbai during November. This positive trend indicates a steady demand in the real estate market, despite ongoing economic uncertainties.
Mumbai PropertyReal EstateKnight FrankHousing DemandBmcReal Estate PuneNov 30, 2024
According to the detailed findings, the rise in registrations can be attributed to several factors. One of the primary drivers is the reduced property prices, which have made homeownership more accessible to a broader segment of the population. Additionally, the introduction of various government schemes and incentives has also played a crucial role in boosting demand.
Frequently Asked Questions
What percentage increase in property registrations was seen in Mumbai in November?
Mumbai saw a 5% increase in property registrations in November, as reported by Knight Frank.
What are the primary factors driving the rise in property registrations?
The primary factors driving the rise in property registrations in Mumbai include reduced property prices, favorable government policies, and streamlined approval processes by the BMC.
What challenges is the real estate sector facing in Mumbai?
The real estate sector in Mumbai is facing challenges such as economic slowdown and global financial uncertainties, which have led to a cautious approach among buyers.
How did property registrations fare in Pune in September?
Property registrations in Pune dipped by 33% in September, reflecting a more challenging market landscape.
What is Knight Frank's role in the real estate market?
Knight Frank is a leading global real estate consultancy that provides comprehensive insights and data-driven analysis to help stakeholders make informed decisions in the real estate market.
Related News Articles
Pune Industry Leaders Applaud Union Budget 2025
Shashank Paranjape, managing director of Paranjape Schemes (Construction) Ltd, praised the Union Budget 2025, stating that the transformative steps for the real estate sector will attract investments and create more sustainable, future-ready urban spaces.
India's Residential Market Booms, Witnessing a 77% Surge to 5.44 Lakh Transactions in FY 2025
India's residential real estate market has witnessed a remarkable rebound post-pandemic, with total registered residential transactions in major cities surging by 77% to reach 5.44 lakh in the fiscal year 2025. This growth reflects a significant shift in the housing sector, driven by a combination of economic recovery, government initiatives, and changing consumer preferences.
Amaravati, Guntur, and Vijaywada: New Residential Hotspots in South India
Amaravati, Guntur, and Vijaywada are rapidly emerging as the preferred residential choices in South India, driven by robust infrastructure development, economic growth, and real estate investments.
Budget 2024-25: A Boon for Real Estate Sector, says Industry Experts
The Union Budget 2024-25 has brought forth a comprehensive and ambitious vision for the real estate sector, particularly benefiting urban centers like Mumbai.
Brian Oravec Appointed as Chief Investment Officer, Asia Pacific at Realterm
Brian Oravec, the co-founder and former CEO of IndoSpace, India's largest industrial real estate developer, has been appointed as the new Chief Investment Officer for Asia Pacific at Realterm. With a wealth of experience in the real estate sector, Oravec
Supreme Court Ruling on Private Property: Not All Resources Can Be Acquired by the State
The Supreme Court has issued a landmark judgment, reversing a 1978 ruling that allowed the state to nationalize and redistribute all private property. The new ruling defines the limits of state control over private resources, emphasizing that not all priv