Browsing Tag

Mumbai Property Market

10 posts
Mumbai home sales September 2024 decline

Mumbai Property Market Sees Growth in December 2024, With Higher Registrations and Revenue

Mumbai’s real estate market experienced steady growth in December 2024, with 12,335 property registrations and ₹1,127 crore in revenue, reflecting a 0.4% increase in registrations and a 20.8% rise in revenue from 2023. The number of registrations also rose by 31.8% compared to December 2022, indicating strong recovery and growth post-pandemic. Despite a drop from the high numbers seen in December 2020, the market continues to show resilience with increasing property demand and rising prices.
"Consulate General of the People's Republic of China signs a landmark 36-month lease agreement for a luxury apartment in Mumbai's prestigious NCPA Apartments, Nariman Point."

Consulate General of the People’s Republic of China Signs Lease Agreement for Apartment in Mumbai

In a significant move, the Consulate General of the People’s Republic of China has signed a lease agreement for a luxury apartment in Mumbai’s Nariman Point. The 36-month deal, finalized on February 29, 2024, includes two car parking spaces and a rent escalation plan over the next three years. The agreement highlights the growing demand for premium real estate in Mumbai by international organizations.
Mumbai

Mumbai Property Registrations Rise 5% in November 2024; Surge in Demand for Premium Properties

Mumbai’s property market saw a 5% year-on-year increase in registrations in November 2024, with a notable surge in demand for properties priced above ₹2 crore. The rise in registrations, coupled with a 30% increase in stamp duty collections, reflects a growing preference for premium housing.

Nippon Life India Acquires Premium Commercial Properties in Mumbai for ₹486 Crore

Nippon Life India Asset Management Ltd. has made a significant move in Mumbai’s commercial real estate market by acquiring two office properties in Lower Parel for Rs. 486.03 crore. The acquisition highlights growing demand for Grade-A office spaces in key business districts like Lower Parel, as multinational firms continue to seek premium office spaces in Mumbai.
Revolutionizing Mumbai’s Real Estate: The Impact of Infrastructure Development on the MMR Landscape

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.