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Realty

MahaRERA Launches New Website MahaCRITI

MahaRERA’s new website, MahaCRITI, went live on September 1, 2024, offering instructional videos and online training to users. The platform aims to streamline real estate processes, with over 2,700 users already engaging, including updates and new registrations by developers and real estate agents. The training has reached around 550 developers, 350 agents, and 250 lawyers, ensuring effective use of the new portal for managing real estate tasks and complaints.

SquareFeatIndia
September 4, 2024
2 minute read

Revolutionizing Mumbai’s Real Estate: The Impact of Infrastructure Development on the MMR Landscape

Realty

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.