Mumbai's Real Estate Boom: 12% Surge in Property Registrations in June 2024
Mumbai's real estate sector has witnessed a remarkable 12% year-on-year increase in property registrations in June 2024, fueled by strong demand and economic stability.
Mumbai Real EstateProperty RegistrationsEconomic StabilityKnight FrankNaredco MaharashtraReal Estate MumbaiJul 02, 2024
Industry experts attribute this growth to increased economic stability, a favourable outlook among prospective homeowners, and ongoing policy support. Mr. Prashant Sharma, President of NAREDCO Maharashtra, stated,
Frequently Asked Questions
What was the year-on-year increase in property registrations in Mumbai for June 2024?
12%
How many property registrations were recorded in Mumbai in June 2024?
Approximately 11,600
What is the estimated revenue generated for the state government from these registrations?
Over INR 1000 crore
What is attributed to the growth in property registrations in Mumbai?
Increased economic stability, a favourable outlook among prospective homeowners, and ongoing policy support
What is the outlook for Mumbai's property market in the second half of 2024?
Optimistic, driven by favourable economic indicators and ongoing policy support
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