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Diwali Boom: Mumbai’s Property Registration Revenue Soars to INR 1,081 Cr in October 2024, Marking a 52% Surge Over Last Year

As the Diwali season lights up Mumbai, the Maharashtra State Revenue Department is witnessing an unprecedented surge in property registration revenue. With a record-breaking INR 1,081 Cr collected by October 29, 2024, this month has eclipsed the previous year’s festive season revenue by a staggering 52%. The data, shared by the Inspector General of Registration […]

Mumbai’s Real Estate Market Booms: Ultra-Luxury Sales Surge Amid Rising Prices

Rising Demand for Ultra-Luxury Homes in Mumbai In the past eight months, Mumbai’s real estate market has witnessed a significant surge, with affluent buyers investing heavily in ultra-luxury properties. Sales of homes priced above ₹40 crores have accelerated, indicating a strong demand in the high-end segment. The market is not just seeing increased transactions; prices […]

Mumbai’s Real Estate Boom: Residential Sales Surge 7% in Q3 2024

MMR Market Shows Resilience as Home Sales Value Rises by 10% Mumbai, Maharashtra, October 10, 2024 – The residential market in Mumbai’s Metropolitan Region (MMR) is experiencing a notable resurgence, with a 7% increase in registered transactions and a remarkable 10% growth in sales value during the September quarter. According to data from Square Yards, […]

Revitalization Ahead: Nariman Point Set to Reclaim Its Status as Mumbai’s Premier Commercial Hub

Infrastructure Upgrades Spark Demand for Premium Office Spaces in South Mumbai Mumbai, October 10, 2024 – Knight Frank India’s latest report, South Mumbai – A Renaissance, highlights a significant resurgence in the commercial appeal of South Mumbai, driven by transformative infrastructure developments. With projections of adding 4 to 6 million square feet of mixed-use office […]

Mumbai Property Market Hits New Heights: Over 100,000 Registrations in September 2024

Record Growth Signals Strong Buyer Confidence and Economic Recovery Mumbai, October 1, 2024 – In a remarkable turnaround for the real estate sector, Mumbai has recorded over 105,608 property registrations in the first nine months of 2024, marking a 12% increase year-on-year (YoY). This surge has contributed more than INR 8,877 crores to the state […]

"Skyline Surge: India's Luxury Boom Faces Contractor Crunch"

Mumbai Real Estate Boom: Property Registrations Surpass 100,000 in Record Time

Historic Surge in Sales Signals Market Resilience Mumbai, September 30, 2024: The Mumbai real estate market has achieved a remarkable milestone, surpassing 100,000 property registrations in the first nine months of 2024. With a total of 105,664 properties registered, this marks a 12% increase compared to the previous year, reflecting sustained buyer confidence and robust […]