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.

RR Kabel Promoter Shreegopal Kabra and Family Buy Luxury Apartments for ₹198 Crore in Worli

Shreegopal Kabra, the promoter of RR Kabel Ltd, and his family have bought two luxury apartments for ₹198 crore in Mumbai’s exclusive Oberoi Three Sixty West project. Spanning 13,809 sq ft, the high-end units are located on the 62nd floor and include 10 car parking spaces. The deal underscores the growing demand for premium real estate in Mumbai’s upscale neighborhoods.

Metro Line 3: A Game-Changer for Mumbai’s Real Estate Landscape

The launch of Mumbai Metro Line-3 is poised to revolutionize the city’s real estate market, enhancing connectivity and driving demand in key regions like South Mumbai and the western suburbs. With improved travel options and integrated transport networks, property values in areas like Dadar, Malad, and Worli are expected to rise.

Kangana Ranaut Sells Bandra Bungalow for ₹32 Crore, Earning ₹12 Crore Profit

Kangana Ranaut has sold her Bandra bungalow for ₹32 crore, earning a profit of ₹12 crore. Purchased in 2017 for ₹20 crore, the property faced BMC demolition during the MVA rule but has now been sold to Shweta Bathija of Kamalini Holdings. The deal was registered on September 5, 2024.

Ajay Devgn Leases Mumbai Office Space for Rs. 7 Lakh Per Month

Bollywood actor Ajay Devgn has leased his office space in Mumbai’s Signature Tower for Rs. 7 lakh per month. The 3,455 sq. ft. property, secured with a Rs. 30 lakh deposit, features three car parking spaces and is located in a prime area known for its connectivity and business appeal. The 5-year lease underscores the high demand for commercial spaces in this vibrant part of Mumbai.