Please enable JavaScript to view the comments powered by Disqus.

Data on Mumbai Property Registrations and Revenue Surge during Diwali

The market showed a shift toward higher-value properties, with the average ticket price reaching a record ₹1.66 crore.

By
TRT Editorial
TRT Editorial is your early-morning voice for the latest headlines. With a sharp eye for current events and a passion for clarity, TRT Editorial delivers concise, engaging...
6 Mins Read

Mumbai’s real estate market demonstrated significant growth and resilience during the Diwali season of 2024, with property registrations rising by 21% compared to 2023. October recorded 11,861 property registrations, generating ₹1,081 crore in revenue, a 52% increase from the previous year. The festive period's auspicious nature, combined with the convergence of Dussehra and Diwali, fueled this surge in demand.

The market showed a shift toward higher-value properties, with the average ticket price reaching a record ₹1.66 crore. This trend is attributed to post-pandemic preferences for spacious homes, growing interest in premium housing, and rising property values. Year-to-date data reveals over 1.15 lakh properties registered in 2024, generating nearly ₹10,000 crore in revenue, indicating sustained investor interest. With higher disposable incomes, a favorable regulatory framework, and urban expansion, Mumbai’s real estate sector appears poised for continued growth.


For complete details, checkout- https://therealtytoday.com/news/mumbai-real-estate-sees-surge-in-diwali-property-registrations-and-revenue

Image source- freepik.com


Share This Article
Recommended Stories