Mumbai Property Registrations Likely to Increase 7% in August
Real Estate

Mumbai Property Registrations Likely to Increase 7% in August

Property registrations in Mumbai?s municipal region are projected to rise by 7% annually in August, reaching around 11,650 units, according to Knight Frank India. This increase is attributed to strong demand in both primary and secondary property markets.

Based on data from the Maharashtra government, Knight Frank India reported that Mumbai city, within the jurisdiction of the Brihanmumbai Municipal Corporation (BMC), has recorded 11,631 property registrations as of 8:15 PM on August 31. This number is expected to increase slightly to approximately 11,650 units by the end of the month. In August 2023, the city registered 10,902 properties.

The state government is anticipated to earn more than ?10.5 billion from these property registrations. Shishir Baijal, Chairman and Managing Director of Knight Frank India, highlighted that the Mumbai residential market has maintained strong momentum in 2024, with consistent year-on-year growth in monthly sales.

?Sustained buyer confidence has resulted in consistent sales on a monthly basis, exceeding 10,000 units for the first eight months of the year,? the consultant noted. Baijal attributed this steady performance to a strong economic outlook and stable interest rates, which have positively influenced homebuyer sentiments and fueled continuous sales in the Mumbai property market.

Property registrations in Mumbai?s municipal region are projected to rise by 7% annually in August, reaching around 11,650 units, according to Knight Frank India. This increase is attributed to strong demand in both primary and secondary property markets. Based on data from the Maharashtra government, Knight Frank India reported that Mumbai city, within the jurisdiction of the Brihanmumbai Municipal Corporation (BMC), has recorded 11,631 property registrations as of 8:15 PM on August 31. This number is expected to increase slightly to approximately 11,650 units by the end of the month. In August 2023, the city registered 10,902 properties. The state government is anticipated to earn more than ?10.5 billion from these property registrations. Shishir Baijal, Chairman and Managing Director of Knight Frank India, highlighted that the Mumbai residential market has maintained strong momentum in 2024, with consistent year-on-year growth in monthly sales. ?Sustained buyer confidence has resulted in consistent sales on a monthly basis, exceeding 10,000 units for the first eight months of the year,? the consultant noted. Baijal attributed this steady performance to a strong economic outlook and stable interest rates, which have positively influenced homebuyer sentiments and fueled continuous sales in the Mumbai property market.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement