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
3 years ago

Recent Posts

Spaces That Breathe: Designing Homes Around Summer Rhythms by 42MM Architecture

New Delhi, May 13, 2026:  As temperatures rise and cities absorb heat, the way a…

18 hours ago

JSW One Platforms elevates Mayank Gupta as Chief Financial Officer to accelerate next phase of growth

Mumbai, May 13, 2026: JSW One Platforms, India’s leading tech-enabled B2B commerce platform for manufacturing and…

19 hours ago

NEDFi Partners with Veefin Solutions to Revolutionise Digital Lending Operations in Northeast India

New Delhi, May 12, 2026: North Eastern Development Finance Corporation Ltd. (NEDFi) and Veefin Solutions Limited, Mumbai, have recently signed a comprehensive contract…

2 days ago

The Hotel Times Opens Strategic Advertising & Brand Partnership Opportunities for the Hospitality Industry

Hyderabad, May 12, 2026: In a competitive hospitality market where visibility directly impacts occupancy, brand…

2 days ago

CREDAI Tamil Nadu message to New CM

New Delhi, May 11, 2026: On behalf of CREDAI Tamil Nadu, I extend heartfelt congratulations…

3 days ago

Nahyan bin Mubarak Unveils Greenz by Danube, Dubai’s First Fully Furnished Master Villa Project

New Delhi, May 11, 2026: H.E. Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and…

3 days ago