Mumbai Real Estate Market Surges in 2024: Highest Property Registrations in 13 Years

Mumbai’s real estate market hit a historic high in 2024 with over 1.41 lakh property registrations, marking the highest figure in 13 years. This surge, coupled with a 12% increase in revenue from stamp duty collections, highlights strong demand, especially in the premium housing sector. Despite global economic challenges, Mumbai’s property market remains resilient, with key suburbs driving the growth. Industry leaders attribute this to favorable economic conditions and evolving buyer preferences.

Dharavi Redevelopment Project: Maharashtra Cabinet Approves Land Allocation in Aksa & Malvani Villages

Maharashtra’s Cabinet has approved the allocation of 140 acres in Aksa and Malvani villages for the Dharavi Redevelopment Project, part of the state’s initiative to provide housing for slum dwellers and transform Dharavi into a modern urban hub.

Thane Sees Sharp Rise in Under-Construction Property Prices: 19.5% Increase in Q3, Reaching INR 16,455 per sq ft

Thane’s property market sees a 19.5% rise in under-construction home prices, reaching INR 16,455 psf in Q3 2024. Despite rising prices, demand remains strong, driven by infrastructure projects and proximity to Mumbai.

Mumbai MMR Residential Market Sees Growth: Sales and Transaction Values Surge in September Quarter

Residential transactions in Mumbai’s Metropolitan Region surged by 7% in the September quarter, with sales value increasing by 10%. Godrej Properties topped the sales charts, while peripheral suburbs saw high demand for affordable homes.

Mumbai Coastal Road: Paving the Way for Real Estate Boom in Western Suburbs

The city that never sleeps is on the cusp of a significant…