Mumbai property registrations up 15% to 8,756 units in November

According to Knight Frank India, registration of properties in the Mumbai municipal zone increased by 15% this month to 8,756 units due to increasing demand despite a rise in loan rates. 7,582 units were registered for properties as of November 2021. Mumbai's real estate market is been expanding strongly, despite some slowing seen in recent months. Despite global concerns, the Mumbai residential market has thrived thanks to strong consumer sentiment and supportive forces. November 2022 continues to benefit from the continued momentum as the festival season that fueled market mood in the previous month comes to an end, recording a Y-o-Y increase in property sales and government revenue collection. In November 2022,Rs 10-20.5 million witnessed a high demand, accounting for 42% of all sales. Also read: Mumbai ranks 22nd in the Global Prime Cities Index Kolte Patil Developers approves merging with Tuscan Real Estate