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Mumbai witnessed a significant 12% year-on-year increase in property registrations for June 2024. This performance is a clear testament to the robust demand and growing confidence in the Mumbai real estate market.
This milestone not only highlights the resilience of the sector but also underscores the positive economic environment and the strong sentiment towards homeownership. It also signifies that more individuals are now realizing the long-term value and stability that real estate investment offers. This trend reflects the concerted efforts by developers, the supportive policies of the state government, and the overall economic growth that continues to drive the housing market in Mumbai.
The revenue exceeding Rs1000 crore from these registrations also demonstrates the significant contribution of the real estate sector to the state’s economy. We anticipate this upward trajectory to continue, driven by innovation, customer-centric approaches, and unwavering trust in Mumbai’s property market.
