Mumbai Property Registrations Likely to Increase 7% in August

03 Sep 2024 CW Team

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.

Infrastructure Transport

27 Jun 2026

Noida Airport Fuels NCR Realty Growth

The start of commercial operations at Noida International Airport has recently emerged as a major trigger for real estate growth across Noida, Greater Noida and the Yamuna Expressway region. The airport is expected to improve regional connectivity and support the next phase of development in eastern NCR.The airport, inaugurated on 28 March, has begun passenger services, while cargo operations are also expected to strengthen its role as an economic and logistics hub. Its operationalisation is expected to reduce dependence on Delhi’s Indira Gandhi International Airport for residents and busine..

thyssenkrupp and GlobalLogic Form AI Alliance

thyssenkrupp AG and GlobalLogic, a Hitachi Group company, have recently formed a strategic alliance to deploy autonomous robotics and Physical AI across heavy industry operations. The partnership aims to improve safety, reduce engineering bottlenecks and accelerate industrial transformation at scale.The alliance brings together thyssenkrupp’s industrial expertise with Hitachi’s innovation capabilities. It includes GlobalLogic, Method and Hitachi America R&D, creating a “Lab-to-Scale” pipeline that connects research, digital strategy, design and enterprise software engineering for i..

Platinum Corp Launches Luxury Suites in Santacruz

Platinum Corp has recently launched Platinum Stellar: Bespoke Presidential Suites, a premium residential project in Santacruz West, Mumbai. The development is positioned as a boutique luxury offering for homebuyers seeking expansive layouts, privacy and personalised living experiences.Located on Main Avenue, the project has been designed as a low-density, high-end residential address with spacious homes starting from 2,500 sq ft and extending to full-floor residences. The project targets HNIs, business owners and legacy residents from the Bandra-Khar-Santacruz belt.Platinum Stellar has been de..