Mumbai Property Registrations Set to Rise 7% in August on Strong Demand
Mumbai city has recorded 11,631 property registrations so far in August, with the number likely to increase to around 11,650 units.
MumbaiProperty RegistrationsReal EstateMaharashtra GovernmentKnight Frank IndiaReal Estate MumbaiAug 31, 2024
The data, which is till 8.15 pm on Saturday, August 31, shows that Mumbai city (area under BMC jurisdiction) has recorded 11,631 property registrations so far in the month of August. This number is likely to increase slightly to around 11,650 units.
In August 2023, 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 number of property registrations in Mumbai in August?
Around 11,650 units
What is the growth rate of property registrations in Mumbai compared to last year?
7% annually
What is the total revenue expected to be earned by the state government from property registrations in August?
More than Rs 1,050 crore
What is the current trend in Mumbai's residential market?
Strong momentum with consistent YoY growth
What is the outlook for homebuyer sentiments in Mumbai?
Positive, fueled by stable interest rates and strong economic outlook
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