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
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code