Mumbai property registrations to surge 11% in April
This optimism has driven Mumbais property registrations consistently exceeding 10,000 mark for the fourth consecutive month in 2024, Knight Frank said. Of the overall registered properties, residential units constitute 80 per cent.
- Country:
- India
Registration of properties in the Mumbai municipal area rose 11 per cent in April to 11,621 units mainly on strong housing demand, according to Knight Frank.
In April 2023, the registration of properties in Mumbai stood at 10,514 units.
In March 2024, the registration of properties stood at 14,145 units.
According to Knight Frank, the registration of properties stood at 11,621 units at 8 pm tonight. The numbers might increase to 11,650 units by the close of the registration process on Tuesday.
''The enduring confidence of homebuyers in the Mumbai market has maintained a positive outlook. This optimism has driven Mumbai's property registrations consistently exceeding 10,000 mark for the fourth consecutive month in 2024,'' Knight Frank said. Of the overall registered properties, residential units constitute 80 per cent.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
ALSO READ
Sonipat-Panipat Emerges as the Growth Corridor for Real Estate in India
Peninsula Land Secures Rs 150 Crore Funding to Establish Rs 765 Crore Real Estate Platform
Pakistanis Invest heavily in Dubai Real Estate: Properties Valued at USD 12.5 Billion
NAR India, in Collaboration with Leading Real Estate Associations, Facilitates Donation of 1000+ Units of Blood to Government and Hospitals
Boosting Efficiency in Real Estate Cases: Legal, Administrative Reforms Needed