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.
Shiv Sena (UBT) leader Sanjay Raut slams Maharashtra CM Eknath Shinde's 'Ladla Bhai Yojna', calling it a ploy to woo voters ahead of assembly elections.
Pune City police reports nearly eight 'whale phishing attacks' since July last year, with a real estate company losing Rs 4 crore in a similar scam.
In a landmark judgment, the Allahabad High Court emphasizes the importance of deeming fiction under the Real Estate (Regulation and Development) Act, 2016.
In this episode of 'Keeping it Real by Housing.com', we delve into the dynamic real estate market of Guwahati with Sachin Agarwal from A2Z Flats. Discover the nuances and opportunities in one of India's fastest-growing cities.
Tata Consultancy Services (TCS) has announced a significant acquisition of Darshita Southern India Homes for Rs 22.50 billion. This strategic move is set to bolster TCS's presence in the real estate sector, particularly in Southern India. The acquisition
The real estate sector is bracing for a significant downturn, with housing sales projected to fall by 23% in the January-March quarter, according to data analytics firm PropEquity. This decline is expected to affect major cities across India, including Mu