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.

MHADA Announces New Lottery Date for Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) is set to hold a lottery for 2,030 homes in Mumbai, with significant updates including price reductions for 370 homes and extended application deadlines. The application process starts on August 9, 2024, and the lottery draw will take place on October 8, 2024.

Mumbai’s housing market maintains momentum as property registrations soar in May 2024

Mumbai’s real estate sector is showing healthy growth momentum with property registrations…