Mumbai Property Registrations Set to Rise by 7% in August, Reaching 11,650 Units
Mumbai real estate market, property registration, Knight Frank India, Maharashtra government data
Mumbai Real Estate MarketProperty RegistrationKnight Frank IndiaMaharashtra Government DataResidential MarketReal Estate NewsAug 31, 2024
According to Knight Frank India, a leading real estate consultant, Mumbai city has recorded 11,631 property registrations so far in August, citing Maharashtra government data. The number is likely to increase slightly to around 11,650 units by the end of the month.
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. Shishir Baijal, Chairman & Managing Director, Knight Frank India, said,
Frequently Asked Questions
What is the expected increase in property registrations in Mumbai's municipal region 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 the reason behind the sustained buyer confidence in Mumbai's residential market?
Strong economic outlook and stable interest rates
Who is the Chairman & Managing Director of Knight Frank India?
Shishir Baijal
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