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

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


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

Related Stories

Gold Stories

Next Story
Real Estate

Elevate Homes to Develop Premium Project in Gurugram

Elevate Homes, the integrated residential development platform established by Hines and Conscient Infrastructure, will develop a premium residential project in Sector 63A, Golf Course Extension Road, Gurugram. Spread across 10.5 acres with around two million sq. ft. of saleable area, the project is planned for launch later in 2026.Designed by global architecture firm Benoy, the development will feature globally inspired architecture, nature-led design and curated wellness-focused spaces. The project will offer more than 600 three- and four-bedroom residences, with a focus on liveability, susta..

Next Story
Real Estate

BPTP Skynest Wins Premium High-Rise Development Award

BPTP Limited has been recognised with the ‘Premium High-Rise Development of the Year’ award for its residential project BPTP Skynest at the Times Realty & Infrastructure Conclave 2026, held at Grand Hyatt, Gurugram.Located in Sector 80, Greater Faridabad, BPTP Skynest is designed as a premium high-rise residential development featuring contemporary architecture, thoughtfully planned homes and lifestyle-oriented amenities. The project comprises 504 residential units and incorporates biophilic design elements through 20 dedicated Sky Nests, landscaped green spaces integrated within the t..

Next Story
Real Estate

Dubai Buyers Seek Independent Property Transfer Services

Dubai’s property market is witnessing growing discussions around the role of independent transfer services, as some leading brokerages require buyers to pay conveyancing or sales-progression fees even when the service is managed within the same business group holding the seller’s mandate.The practice has gained attention as brokerage websites promote such services, while LinkedIn and Instagram profiles highlight dedicated sales-progression teams operating within agencies. Industry observers point out that the concern is not about the capability of in-house conveyancers but whether buyers s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code