Mumbai Property Registrations Soar To 13-Year High

Mumbai city municipal area saw an 11% increase in registration of properties during 2024 calendar year at 1,41,202 units -- a 13-year high -- on strong housing demand, according to Knight Frank India. Mumbai city, under the jurisdiction of the Brihanmumbai Municipal Corporation, recorded 12,418 property registrations in December 2024, generating Rs 1,134 crore in revenue for the state exchequer, real estate consultant Knight Frank India said, citing the government data. Residential properties accounted for 80% of the total registrations in December. In December 2023, there were 12,285 properties registered. #property #realestate #stockmarket