Property registrations rise 12% in Mumbai in June 2024; Knight Frank

01 Jul 2024 CW Team

Property registrations in the Mumbai municipal region surged by 12% annually in June, reaching around 11,600 units, driven by improved demand, according to Knight Frank. The area under the Bombay Municipal Corporation's jurisdiction recorded nearly 11,570 property registrations by June 29, and the figure is expected to touch approximately 11,600 units for the month. The majority of these registrations are for housing properties.

Strong buyer confidence has kept property sales above the 10,000 mark for each of the six months in 2024. June 2024 marked the highest number of property registrations for any June in the past 12 years. This surge is attributed to increasing economic prosperity and a favourable sentiment toward home ownership.

Shishir Baijal, Chairman & Managing Director, Knight Frank India, stated, "The continuous year-on-year growth in property sale registrations highlight the resilience of Mumbai's real estate market." Despite higher property prices, home registrations have maintained their momentum, reflecting the market's strong appetite and buyers' confidence in the country's economic trajectory. Baijal expects this positive trend to persist, driven by strong GDP growth, rising income levels, and a favourable interest rate environment.

Akhil Saraf, Founder & CEO, proptech firm Reloy, commented on the trend, saying that both end users and investors are actively purchasing properties, fuelling the demand for real estate. "The rise in average revenue collection through stamp duty and registration fees also indicates an increase in property prices. Despite this, demand remains strong, reflecting positive sentiments and the confidence of buyers and investors towards the economy and future prospects," Saraf said. He believes that demand will remain robust in the mid to long term. "Developers are aligning their product launches with the types of properties currently in demand," he added.

(Source: ET)

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..