Mumbai property registrations hit 13-yr-high in 2024 at over 141k units

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Mumbai property registrations hit 13-yr-high in 2024 at over 141k units - Business Standard

Quick Summary:

Mumbai city, under the jurisdiction of the Brihanmumbai Municipal Corporation (BMC), 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.

Mumbai city municipal area saw an 11 per cent 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.

"The total number of property sales registration for the year 2024 will reach 1,41,202 while revenue generated from property registrations for the year is estimated to stand at Rs 12,141 crore.