Mumbai clocks 12% growth in property registrations in June: Knight Frank
The registration of properties in the Mumbai municipal region rose 12 per cent annually in June to 11,575 units on better demand for housing assets, according to Knight Frank.
Mumbai city (area under Bombay Municipal Corporation jurisdiction) saw registration of 11,575 units in June against 10,319 units in the same month last year, as per the data compiled by real estate consultant Knight Frank from the Maharashtra government portal.
However, the number of registrations in June was lower than in May, when 12,000 units were registered.
The bulk of the registration is for housing properties.
Strong buyer confidence has kept property registrations in Mumbai above the 10,000 mark for the first six months of the 2024 calendar year.
In June 2024, Mumbai experienced the highest number of property registrations for any June month in the past 12 years, the consultant said.
Knight Frank attributed this surge to rising economic prosperity and a favourable sentiment towards homeownership.
K