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
Infrastructure Urban

We operate 100 smart buses serving 30,000 passengers daily

Aurangabad, known as the ‘City of Gates’ owing to its historical monuments and Mughal heritage, is equally renowned for its industrial development, with a nominal gross district domestic product (GDDP) of Rs.988.04 billion. As growth has progressed, there has been a focus on enhancing the standard of living, prompting key initiatives, including the award-winning Majhi Smart  Bus Initiative. G Sreekanth (IAS), CEO, Aurangabad Smart City Development Corporation Ltd (ASCDCL), discusses the city’s ongoing and upcoming developments in conversation  with NEHA YADAV.Recent news h..

Next Story
Infrastructure Energy

Sterling and Wilson Secures Rs 12 Bn Solar EPC Contract in Gujarat

Sterling and Wilson Renewable Energy has been awarded a Rs 1,200 crore contract for a 500-megawatt (MW) solar photovoltaic (PV) project in Gujarat, strengthening its foothold in India’s renewable energy sector. The engineering, procurement, and construction (EPC) contract encompasses the design, engineering, and installation of balance-of-system (BoS) components with single-point responsibility. It also includes operations and maintenance (O&M) services for three years. “We are delighted to secure this significant order, which will aid India, especially Gujarat, in its transition to clean ..

Next Story
Infrastructure Energy

NTPC Green Energy Signs MoU with Bihar Government

NTPC Green Energy (NGEL), a subsidiary of NTPC, has entered into a Memorandum of Understanding (MoU) with the Department of Industries, Government of Bihar, during the Bihar Business Connect 2024 Global Investors’ Summit held on 20 December 2024 in Patna. The MoU outlines plans for substantial investments in Bihar to establish various renewable energy projects, including: Ground-mounted and floating solar installations Battery energy storage systems Green hydrogen mobility initiatives The Bihar Government will assist by facilitating necessary approvals, permissions, registrations, and cleara..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000