Ultra-Luxury Homes Sales Surge to INR 2,443 Cr in Eight Months

The ultra-luxury real estate market in India saw INR 2,443 crore in sales through August 2024. Mumbai leads with 21 transactions valued at INR 2,200 crore. Prices for ultra-luxury homes have risen, with significant jumps in properties over INR 100 crore. Anuj Puri of ANAROCK anticipates more high-value deals as the year progresses.

Mumbai Property Registrations Rise 8% YoY in August 2024; Stamp Duty Collections Up 32%

**Mumbai Property Registrations Rise 8% YoY in August 2024** In August 2024, Mumbai’s property registrations increased by 8% year-on-year, totaling 11,735, up from 10,902 in August 2023. Despite a seasonal drop due to the monsoon, which reduced registrations by 5% from July’s 12,373, the market showed resilience. Stamp duty collections surged by 32% to ₹1,072 crore, reflecting strong buyer confidence and a high volume of transactions. Residential properties made up around 80% of the total registrations, indicating robust demand and market stability.

Residential Sales in Top Seven Cities Projected to Grow in FY2025

Despite a sluggish start to the fiscal year, residential sales in India’s…

Rents Rise by 2.6% QoQ Across 13 Key Indian Cities; Ahmedabad, Pune, and Kolkata Lead in Rental Yields: Magicbricks Report

Magicbricks, has released its Rental Update for April to June 2024, highlighting…

Housing market continues on growth trajectory

The residential sector in India’s top seven cities, including Delhi NCR, Mumbai,…