Mumbai property registration up 22% annually in Oct to 12,960 units

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Citing Maharashtra government data, real estate consultant Knight Frank India said the Mumbai city (area under BMC jurisdiction) saw higher registration of properties during October this year on the back of two major festivals -- Dussehra and Diwali.

Registration of properties in the Mumbai municipal region rose 22 per cent last month to 12,960 units on higher demand during the festival period, according to Knight Frank.

"The festive period, beginning with Navratri and Diwali, are considered auspicious for property purchases, and played a role in this rise in registrations," the consultant said.

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Category: BusinessFinance

Markets: India

Topics: Real estate Mumbai muncipality Mumbai property registratation Properties registration

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 15:58:32 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 367 words

Reading Time: 3 minutes read

Sentences: 11 lines

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Copyright Owner: © Business Standard

News ID: 23363311

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