Mumbai's real estate market is on track to register 1,41,302 property registrations in 2024, marking an 11% increase from the previous year. The market is showing resilience and a growing preference for premium and spacious homes.
Mumbai Real EstateProperty RegistrationsStamp DutyReal Estate ConsultancyPremium HomesReal Estate MaharashtraJan 02, 2025
Mumbai is projected to register 1,41,302 property registrations in 2024, marking an 11% increase from the previous year.
The revenue generated from property registrations in 2024 is ₹12,161 crore, a 12% increase from ₹10,871 crore in 2023.
Residential units constitute 80% of the total property registrations in Mumbai, while non-residential assets account for the remaining 20%.
Properties priced at ₹2 crore and above are showing significant growth, accounting for 23% of registrations in December 2024, up from 18% in December 2023.
The central suburbs of Mumbai experienced the most significant growth, increasing their share from 29% to 33% of the total market, while the western suburbs saw a slight decline from 57% to 53%.
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