Mumbai Property Registrations Set to Rise 7% in August, Driven by Strong Demand
Mumbai city records 11,631 property registrations in August, with numbers expected to rise to 11,650 units, driven by strong demand and a positive economic outlook.
Mumbai Property MarketProperty RegistrationsKnight Frank IndiaReal EstateHomebuyersReal EstateAug 31, 2024
The data, which is till 8.15 pm on Saturday, August 31, pertains to registration of properties transacted in both primary (first sale) and secondary (resale) markets. In August 2023, the Mumbai city saw registration of 10,902 properties.
The state government is expected to earn more than Rs 1,050 crore from the registration of these properties. Sustained buyer confidence has resulted in consistent sales on a monthly basis, exceeding 10,000 units for the first eight months of the year.
Shishir Baijal, Chairman & Managing Director, Knight Frank India, said,
Frequently Asked Questions
What is the expected increase in property registrations in Mumbai in August?
7%
How many property registrations have been recorded in Mumbai city so far in August?
11,631
What is the expected revenue for the state government from property registrations in August?
More than Rs 1,050 crore
What is driving the growth of the Mumbai property market?
Strong demand and a positive economic outlook
What is the expected trend for the Mumbai property market in the coming months?
Steady growth, driven by strong demand and a positive economic outlook
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