Mumbai (Maharashtra) [India], September 30 (ANI): Registration of property sales in Mumbai city surged past 100,000 landmark in September 2024, which is recorded to be the fastest in a decade, as per a report by Knight Frank India, a real estate consultancy firm. In 2023, this mark was achieved in October. Also Read | Tirupati Laddu Row: Supreme Court Questions Andhra Pradesh CM N Chandrababu Naidu on Animal Fat Claim, Says Keep Gods out of Politics.
As per the real estate consultancy firm, Mumbai city (area under BMC jurisdiction), recorded about 105,664 property registrations in the first nine months of 2024, contributing more than Rs 8,892 crore to the state exchequer. Property registrations observed a 12 per cent year-on-year growth while revenue grew by 6 per cent year-on-year during the same period, Knight Frank India said. Also Read | India E-Commerce Sales To Reach up to INR 1.
2 Lakh Crore in GMV This Festive Season, Electronic Gadgets, Fashion Accessories Set To Gain Momentum. This sustained momentum in property transactions stems from the rising economic prosperity and growing preference for homeownership among Mumbai's residents. "Mumbai's residential market has sustained strong momentum in 2024, with September marking a key milestone as the city surpassed 100,000 property registrations--the fastest pace in a decade," said Shishir Baijal, Chairman and Managing Director, of Knight Frank India.
"It is also witnessed that transactions in properties priced at INR 2 cro.