Mumbai Real Estate Market Sees Significant Growth with 12% Increase in Property Registrations
Mumbai witnessed a 12% year-on-year increase in property registrations for June 2024, driven by customer-centric approaches and trust in Mumbai's property market.
Mumbai Real EstateProperty RegistrationsNaredco MaharashtraHomeownershipEconomic GrowthReal Estate MumbaiJul 02, 2024
The revenue exceeding Rs1000 crore from these registrations also demonstrates the significant contribution of the real estate sector to the state's economy. According to Prashant Sharma, President of NAREDCO Maharashtra, the upward trajectory is expected to continue, driven by innovation, customer-centric approaches, and unwavering trust in Mumbai's property market.
NAREDCO Maharashtra is a leading real estate organization that aims to promote and support the growth of the real estate sector in Maharashtra.NAREDCO Maharashtra is a state-level association of real estate developers, builders, and promoters, working towards the growth and development of the real estate sector in Maharashtra.
Frequently Asked Questions
What is the year-on-year increase in property registrations in Mumbai?
12%
What is the revenue generated from property registrations in Mumbai?
Exceeding Rs1000 crore
What is driving the growth of the Mumbai real estate market?
Customer-centric approaches, innovation, and trust in Mumbai's property market
What is the significance of the real estate sector in Mumbai's economy?
The sector contributes significantly to the state's economy
What is NAREDCO Maharashtra's role in promoting the real estate sector?
NAREDCO Maharashtra is a leading real estate organization that aims to promote and support the growth of the real estate sector in Maharashtra
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