Mumbai Sees 12% Rise In Property Registrations In January
05 Feb 2025
1 Min Read
CW Team
Property registrations in the Mumbai municipal region rose 12 per cent on year to 12,249 units in January on strong housing demand, according to Knight Frank India, reported news agency PTI. In January last year, 10,967 units were registered in the region. The property registrations stood at 12,418 units in December last year.
Real estate consultant Knight Frank India said in a statement that Mumbai city (an area under Brihanmumbai Municipal Corporation's jurisdiction) in January recorded 12,249 property registrations, the highest in 13 years for the month of January, reported PTI. Property registrations in Mumbai city hit 13-year-high in 2024 at over 1.41 lakh units
Mumbai city saw an 11 per cent increase in property registrations in 2024, reaching 1,41,202 units 鈥� a 13-year high 鈥� driven by strong housing demand, according to Knight Frank India.
In December 2024, the city under the jurisdiction of the Brihanmumbai Municipal Corporation (BMC) recorded 12,418 property registrations, generating Rs 11.34 billion in revenue for the state exchequer, as per the real estate consultant鈥檚 report, citing government data. Residential properties made up 80 per cent of the total registrations in December, news agency PTI reported. In December 2023, 12,285 properties were registered.
Property registrations in the Mumbai municipal region rose 12 per cent on year to 12,249 units in January on strong housing demand, according to Knight Frank India, reported news agency PTI. In January last year, 10,967 units were registered in the region. The property registrations stood at 12,418 units in December last year.
Real estate consultant Knight Frank India said in a statement that Mumbai city (an area under Brihanmumbai Municipal Corporation's jurisdiction) in January recorded 12,249 property registrations, the highest in 13 years for the month of January, reported PTI. Property registrations in Mumbai city hit 13-year-high in 2024 at over 1.41 lakh units
Mumbai city saw an 11 per cent increase in property registrations in 2024, reaching 1,41,202 units 鈥� a 13-year high 鈥� driven by strong housing demand, according to Knight Frank India.
In December 2024, the city under the jurisdiction of the Brihanmumbai Municipal Corporation (BMC) recorded 12,418 property registrations, generating Rs 11.34 billion in revenue for the state exchequer, as per the real estate consultant鈥檚 report, citing government data. Residential properties made up 80 per cent of the total registrations in December, news agency PTI reported. In December 2023, 12,285 properties were registered.
Next Story
unWOOD transforms plastic waste into durable wood alternative
unWOOD, a breakthrough innovation, is converting hard-to-recycle plastic waste into a durable alternative to natural wood. Developed through a proprietary process called Intelligent Compounding, unWOOD uses a Macro Molecular Fiber Matrix (MMFM) structure to replicate the strength, look, and feel of hardwood鈥攚ithout the environmental cost.Conceptualised by Dr Babu Padmanabhan, the material addresses key flaws in traditional plastic recycling by consuming minimal energy, using zero water, and generating no microplastics. 鈥淎ny application that introduces plastics into areas where it cannot be..
Next Story
H盲fele launches Matrix undermount runners range
H盲fele has introduced its new Matrix range of undermount runners, designed to enhance drawer motion across kitchens, wardrobes, bathroom units, and more.Available in four weight capacities and a wide range of lengths, the Matrix undermount runners support diverse drawer designs. The 40 kg and 60 kg variants feature synchronised technology for superior motion and drawer stability. All runners come with an integrated soft-close mechanism to ensure smooth and noiseless operation.This in-house range is ideal for kitchen cabinets, bed storage units, living room furniture and bathroom drawers, offe..
Next Story
India's first AI-integrated campus announced in Noida
Yashoda Hospital and Bhutani Infra have announced plans to develop India鈥檚 first fully AI-integrated mixed-use campus in Greater Noida West. The upcoming project will feature a hospital, retail spaces, offices, SOHOs, serviced apartments, and a hotel鈥攁ll operating within a self-learning, generative AI-powered ecosystem.The AI-first campus will integrate real-time data systems, predictive analytics, and adaptive infrastructure to offer personalised experiences across functions. From AI-enabled footfall tracking and dynamic energy optimisation to smart F&B and retail insights, the develo..
