Robust Property Registrations in Mumbai in Festive October

By - Vinod Behl November 9, 2024 Comments (0) 1 Mins Read

Following the tepid property sales in Q3 2024, Mumbai has clocked impressive sales registrations in the festive October month.

According to Knight Frank, Mumbai municipal region riding on the high demand, saw 22% increase in property registrations in October, with sales at 12960 units, surpassing the 2023 figure of 10607 property registrations. Out of total property registrations, 80 percent constituted residential units, underscoring strong housing demand in the city..

This strong sales momentum, according to Knight Frank India CMD, Shishir Baijal , is fuelled by stable interest rates ,strong appetite for premium properties and home ownership sentiment remaining high. Knight Frank expects the robust registration volumes to continue , supported by favourable market conditions.

Vinod Behl

Vinod Behl is a senior media professional with over two decades of experience in real estate , construction and infrastructure sector and an overall four decades of rich and varied experience in print, digital and television media. Founder Editor of Realty Plus and Proptoq real estate monthly, he has been writing on real estate and infrastructure for leading publications - Gulf News, ET Realty, Property Times, Business Standard, Business World, The Week and Outlook among others . Former real estate columnist with international news agency- IANS, he is currently real estate columnist with India's premier business news website - Moneycontrol.com He is also Contributing Editor with a leading construction industry magazines group- New Building Materials & Construction World (NBM Media). He is the Editor of Bestseller, Book on Amazon- 'A to Z of Residential Real Estate'. A panelist at real estate conferences, Vinod Behl was honoured by the former Haryana Chief Minister , Bhupinder Singh Hooda for promoting real estate, construction and infrastructure sector through his writings.