Mumbai's residential market has sustained strong momentum in 2024, with September marking a key milestone as the city surpassed 100,000 property registrations — the fastest pace in a decade.
Mumbai Real EstateProperty RegistrationsKnight Frank IndiaReloyProptechReal Estate MumbaiOct 02, 2024
The Mumbai real estate market is showing remarkable growth, with property registrations rising by 12 per cent year-on-year to cross 1 lakh deals from January to September 2024.
Properties priced at Rs 2 crore and above made up 23 per cent of registrations in September 2024, up from 18 per cent in September 2023.
Western and Central suburbs continue to dominate the market, accounting for 83 per cent of total registrations.
The trend is expected to persist, especially with the festive season approaching and the anticipation of an interest rate cut by the RBI in the upcoming monetary policy review.
Reloy is the proptech firm quoted in the article, with its founder and CEO Akhil Saraf providing insights on the Mumbai real estate market.
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