The city of Mumbai has recorded approximately 11,735 property registrations in August 2024, contributing over Rs 1,072 crore to the state exchequer, with sustained buyer confidence resulting in consistent sales.
Mumbai Realty MarketProperty RegistrationsState ExchequerKnight Frank IndiaAjmera Realty Infra India LtdArkade DevelopersReal Estate MaharashtraAug 31, 2024
11,735
Rs 1,072 crore
8%
23%
Home sales are expected to amplify, with demand inclination towards 1 and 2 BHK homes.
China's latest property support measures have boosted transactions in its biggest cities, but activity in smaller localities is struggling to get off the ground.
Nehru Nagar police arrest two individuals, including a fake real estate agent, for allegedly scamming 40 homebuyers in Mumbai.
Mumbai's real estate market demonstrated resilience in August 2024, with property registrations marking an 8% year-on-year increase. The total number of registrations climbed to 11,735, up from 10,902 in August 2023.
Mumbai: The Bombay High Court has recently suspended the provisional attachment by the Enforcement Directorate (ED) on multiple properties belonging to V Hotels in the city.
A Pune-based real estate firm lost a significant amount of Rs 24 lakh in a whale phishing attack, where cyber criminals impersonated the firm’s director’s father to manipulate an accounts staffer into making fraudulent transfers.
KL Rahul, the Indian cricketer, and veteran actor Suniel Shetty have jointly acquired a prime land parcel in Thane, Mumbai, for Rs 9.85 crore. The strategic investment highlights the growing interest in Thane's real estate sector.