Mumbai's property market continues to defy expectations, with July being the best-ever month on record. The city saw over 12,129 property registrations, up 19% from last year.
Mumbai Property MarketReal EstateProperty RegistrationsStamp Duty RevenueKnight Frank IndiaSheth RealtyAjmera RealtyReal Estate NewsJul 31, 2024
The surge in Mumbai property transactions is attributed to economic prosperity and a growing preference for homeownership.
Residential units made up 80% of total registrations in July 2024, underscoring strong housing demand.
The average monthly revenue generated from stamp duty collection in 2024 is Rs 987 crore, a 7% increase from last year.
The majority of property buyers in Mumbai are millennials, aged 28-43, followed by Generation X buyers, aged 44-59.
The city recorded 84,653 property registrations during the first seven months of 2024, marking a 16% increase from a year ago.
RMZ Corp, one of India's leading real estate developers, has announced a significant investment of over $2.2 billion in the Indian real estate market over the next five years. This ambitious move includes expanding its presence to new cities like Mumbai a
With growing independence and higher disposable incomes, women in India are increasingly entering the housing market as convinced investors, with 70% now preferring residential real estate over other investment options.
The Adani Group stocks are regaining momentum, with several stocks showing strong gains. What’s driving this optimism, and how should investors approach these stocks in 2025? Here’s a detailed analysis.
The Maharashtra government has appointed the Mumbai Metropolitan Region Development Authority (MMRDA) as the development authority for the third harbor link, a significant project that will enhance connectivity in the region. This project is particularly
Nucleus Office Parks, a leading real estate player, has collaborated with The Quorum to launch The Pavilion, a state-of-the-art office space in Mumbai. This new development aims to cater to the growing demand for modern, flexible workspaces in the city.
Vijay Wadettiwar alleges that the Maharashtra government has entered into a suspicious agreement with a real estate firm despite opposition from its own housing department.