Property registrations in Mumbai saw a significant 22% increase in October, with a total of 12,960 units registered, fueled by the festive season demand.
Real EstateProperty RegistrationMumbaiFestive SeasonEconomic RecoveryReal Estate MaharashtraNov 01, 2024
Property registrations in Mumbai increased by 22% in October.
The increase in property registrations is attributed to the festive season demand, improved buyer sentiment, economic recovery, and government initiatives like reduced interest rates and tax benefits.
Suburban regions like Thane, Navi Mumbai, and Kalyan saw a significant increase in property registrations.
Property developers played a crucial role by offering attractive schemes, flexible payment plans, and incentives to attract buyers.
High property prices and the need for more affordable housing are the primary challenges facing the real estate market in Mumbai.
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Hemant Jain took a significant risk in 2001 by purchasing a Mumbai shop linked to Dawood Ibrahim. Despite numerous bureaucratic obstacles, he finally managed to register the property after a grueling 23-year battle.
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