Categories: Latest

Mumbai Property Registrations surges 24% in September 2023 to 10694 units

New Delhi, October 04, 2023 :  Property registrations in the Mumbai municipal area surged by 24 per cent in September 2023, reaching approximately 10,694 units, with 82 per cent of them being residential properties. This notable increase in property registration also marks the highest level in the past decade and can be attributed to a growing demand for housing, as reported by Knight Frank India.

As many as 8,628 units were registered during September last year. In the previous month, 10,902 units were registered. Revenue from the registrations were at ₹1127 crore, up 54 per cent as compared to last year and up one per cent as compared to the previous month.
 
Here is what real estate experts have to say:
 
Mr. Sandeep Runwal – President, NAREDCO Maharashtra
“The robust response from homebuyers during the month of Ganesh Utsav indicates the positive sentiments towards home ownership despite higher mortgage rates. Based on the current enquiry levels, we can certainly see a strong sales momentum in the upcoming festive season starting with Navratri.”
 
Mr. Pritam Chivukula – Vice President, CREDAI-MCHI and Co-Founder & Director, Tridhaatu Realty
“The excellent property sale figures have once again highlighted the strong housing demand that Mumbai is presently witnessing. The importance of the need for home ownership is being felt now, more than ever before. The government’s positive policy measures coupled with strong infrastructure growth, rising income levels and positive market sentiments, have all fuelled this growth. We can expect this momentum to continue given the ongoing festive season which can propel housing demand and sales even further.”

Corporate Comm India (CCI Newswire)

The Property Times News Bureau

Share
Published by
The Property Times News Bureau
Tags: Mr. Pritam ChivukulaMr. Sandeep RunwalMumbai municipal areaMumbai Property Registrations surges 24% in September 2023 to 10694 unitsNew DelhiProperty registrations
1 year ago

Recent Posts

Bollywood Actor Sunil Shetty and Son Ahan Purchase Rs. 8.01 Crore Property in Bandra: Square Yards

New Delhi, October 26, 2024: Renowned actor Sunil Shetty, along with his son Ahan Shetty,…

9 hours ago

From Distressed to Desired: Pothraj Group’s Vision Revitalizes Mysuru’s Real Estate Market

Balaji Pothraj's Expertise in Transforming Distressed Properties Leads Mysuru's Urban Renaissance Mysuru, October 26, 2024: The…

9 hours ago

A dynamic and accomplished business leader with a diverse background spanning finance, real estate, education, and management consulting

By Adrija Agarwal, Founder, Sattva Ventures Adrija Agarwal currently serves as the Founder of Sattva…

2 days ago

Price rally across India’s top 8 residential markets continues in Q3 2024; Delhi-NCR leads the pack with 57% YoY growth: PropTiger.com Report

Barring Hyderabad where the YoY increase was 7%, all cities covered in the analysis saw…

2 days ago

Stonecraft Group Unveils Landmark Partnership with AIVOT Golf & Sports Management and the PGA of America to Launch ‘Stonecraft Golf City’

New Delhi, October 24, 2024: Stonecraft Group, a leading integrated biophilic real estate developer, announces the…

3 days ago

Population Change in Asia is Set to Transform Thailand’s Real Estate Sector in Coming Years, says Proud Real Estate

New Delhi, October 23, 2024: Thailand's real estate sector, estimated to be worth US 2…

3 days ago