Mumbai sees 10,000+ property registrations fourth month straight

03 Oct 2023 CW Team

Property registrations in Mumbai reached 10,694 units in September, marking a 24% increase from the previous year. According to the Maharashtra government website, this number represented a 2% decrease compared to the previous period.

However, data spanning the last decade revealed that this September had the highest sales volumes on record. The revenue generated from these registrations amounted to Rs 11.27 billion, reflecting a 54% year-on-year increase and a 1% sequential increase. More than 80% of the registered properties were residential, indicating sustained demand in the housing sector.

Shishir Baijal, Chairman & Managing Director of Knight Frank India, noted the Mumbai residential market's resilience, consistently exceeding the 10,000-property mark. He mentioned that in the first nine months of 2023, there was an average of 10,420 property transactions per month.

Baijal also highlighted the anticipation among homebuyers for a stable interest rate environment, believing that such stability could strengthen the housing market, creating a favourable atmosphere for opportunities and optimism. Looking ahead, the Reserve Bank of India was expected to maintain the current interest rates at the Monetary Policy Committee meeting on October 6.

Dhaval Ajmera, Director of Ajmera Realty and Infra India, attributed the increased demand to infrastructural development and the rise in redevelopment projects across MMR (Mumbai Metropolitan Region). These factors had expanded housing options for potential homebuyers in new and emerging markets.

Infrastructure Energy

15 Jul 2026

Hexa Climate Signs 100 MW Wind Solar PPA With CESC

Hexa Climate has signed a power purchase agreement with CESC Limited for the supply of 100 megawatt (MW) of Interstate Transmission System (ISTS) connected wind-solar hybrid power, at a tariff of Rs three point seven five per kWh fixed for 25 years. The contracted capacity is 100 MW while the installation will include 50 MW of solar and 100 MW of wind to enable hybrid generation from a site in Mandsaur, Madhya Pradesh. The tariff has been adopted by the West Bengal Electricity Regulatory Commission, providing regulatory assent for the long term arrangement. The agreement was secured through CE..

JUWI Tops One GW Under Construction As Solar Portfolio Exceeds 900 MW

Renewable energy developer JUWI has reached a milestone of one gigawatt (GW) of renewable capacity under simultaneous construction across its global portfolio, reflecting expansion in solar and wind sectors. The firm said it is installing around 1.3 million (mn) solar modules across 12 photovoltaic (PV) projects and is constructing 46 wind turbines with a combined capacity of about 270 megawatt (MW). Overall, nearly one GW of additional capacity is expected to be commissioned in the coming months. Module installation has begun at the Trifylli solar park in northern Greece, part of the 156 MW C..

MNRE Clarifies ALMM List-II Rules For Government Rooftop Solar

The Ministry of New and Renewable Energy issued a memorandum dated 6 July 2026 clarifying implementation of the Approved List of Models and Manufacturers (ALMM) List-II requirements for solar photovoltaic (PV) cells in rooftop solar projects on government buildings. The clarification restated that ALMM List-I covers solar PV modules while ALMM List-II applies to solar PV cells and that the framework seeks to promote the use of domestically manufactured equipment. The mandatory application of List-II had been scheduled from 1 June 2026, but industry representations prompted the ministry to spec..