Mumbai Sees 12% Rise In Property Registrations In January

05 Feb 2025 CW Team

Property registrations in the Mumbai municipal region rose 12 per cent on year to 12,249 units in January on strong housing demand, according to Knight Frank India, reported news agency PTI. In January last year, 10,967 units were registered in the region. The property registrations stood at 12,418 units in December last year. Real estate consultant Knight Frank India said in a statement that Mumbai city (an area under Brihanmumbai Municipal Corporation's jurisdiction) in January recorded 12,249 property registrations, the highest in 13 years for the month of January, reported PTI. Property registrations in Mumbai city hit 13-year-high in 2024 at over 1.41 lakh units Mumbai city saw an 11 per cent increase in property registrations in 2024, reaching 1,41,202 units — a 13-year high — driven by strong housing demand, according to Knight Frank India. In December 2024, the city under the jurisdiction of the Brihanmumbai Municipal Corporation (BMC) recorded 12,418 property registrations, generating Rs 11.34 billion in revenue for the state exchequer, as per the real estate consultant’s report, citing government data. Residential properties made up 80 per cent of the total registrations in December, news agency PTI reported. In December 2023, 12,285 properties were registered.

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