🏡 Dhanteras Dampener: Mumbai Sees Sharp Dip in Property Registrations, Raising Market Questions

Mumbai’s property market saw a Dhanteras surprise this year — registrations fell to 284, well below the October daily average, sparking debate on whether this is a calendar quirk or a sign of changing buyer sentiment.

Mumbai Property Registrations Surge by 22% in October 2024, Driven by Festive Demand

Mumbai’s property market experienced a 22% year-on-year surge in registrations in October 2024, driven by strong demand during the festive period. Residential properties accounted for 80% of the total registrations, with high-value transactions above Rs 2 crore making up 22% of the total. The shift towards premium properties signals a growing trend for quality, lifestyle-driven investments in the city’s evolving real estate market.