Registration of Properties In Mumbai Rises 5% In Nov 2024

03 Dec 2024 CW Team

Property registrations in the Mumbai municipal region witnessed a 5% increase in November 2024, with over 10,200 units registered, reflecting sustained housing demand, according to Knight Frank India. In comparison, 9,736 units were registered in November 2023. In a statement released on Saturday, Knight Frank India reported that Mumbai city, under the jurisdiction of the Brihanmumbai Municipal Corporation (BMC), recorded 10,216 property registrations as of 8 PM that day. The final tally is expected to rise slightly as additional registrations are processed. However, November’s registrations showed a decline from October 2024, when 12,960 units were registered. Knight Frank India CMD Shishir Baijal attributed this sequential dip to market consolidation following a festive-driven surge in October. Baijal highlighted a notable trend within Mumbai’s real estate market, stating, “The increasing demand for premium properties and larger living spaces signifies a decisive shift towards quality, value, and long-term investment in the city’s ever-dynamic real estate landscape.” The data underscores Mumbai's growing appetite for high-value properties, reflecting changing buyer preferences and the evolving dynamics of the city's housing market.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..