Mumbai Property Registrations Set to Rise 7% in August 2024
Mumbai city records 11,631 property registrations in August, with numbers expected to rise to 11,650 units, citing Maharashtra government data.
Mumbai Property MarketReal EstateKnight Frank IndiaProperty RegistrationsMaharashtra GovernmentReal Estate MaharashtraSep 01, 2024
The data, which is till 8.15 pm on Saturday, August 31, is likely to increase slightly to around 11,650 units. This is a significant increase from August 2023, when the Mumbai city saw registration of 10,902 properties.
The data pertains to registration of properties transacted in both primary (first sale) and secondary (resale) markets. The state government is expected to earn more than Rs 1,050 crore from the registration of these properties.
Frequently Asked Questions
What is the expected increase in property registrations in Mumbai in August 2024?
The expected increase in property registrations in Mumbai in August 2024 is 7% annually, with numbers expected to rise to 11,650 units.
What is the source of the data on property registrations in Mumbai?
The data on property registrations in Mumbai is sourced from the Maharashtra government.
What is the expected revenue for the state government from property registrations in Mumbai?
The state government is expected to earn more than Rs 1,050 crore from the registration of properties in Mumbai.
What is the outlook for the real estate market in Mumbai?
The outlook for the real estate market in Mumbai is positive, with strong demand and stable interest rates driving growth.
Who is the Chairman & Managing Director of Knight Frank India?
Shishir Baijal is the Chairman & Managing Director of Knight Frank India.
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