Registration of Properties In Mumbai Rises 5% In Nov 2024
Real Estate

Registration of Properties In Mumbai Rises 5% In Nov 2024

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.

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.

Next Story
Real Estate

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

Next Story
Infrastructure Transport

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Next Story
Technology

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement