Festive Season Sparks Property Buying Spree In Mumbai

 

Introduction

Mumbai Real Estate: A Festive Surge

Mumbai, India (November 4, 2024): The Mumbai property market experienced a significant surge during the festive season, with Navratri marking a strong start. According to Knight Frank data, the city recorded 5,199 property registrations from October 3rd to 11th, 2024, a 13.2 per cent year-on-year (YoY) increase compared to the previous year. This uptick generated a revenue of Rs 502 Crores for the state exchequer.

Shifting Market Dynamics

A notable trend observed during this period was a shift in buyer preferences. Central and South Mumbai witnessed a rise in market share, with Central Suburbs increasing from 29 per cent to 31 per cent and South Mumbai from seven per cent to nine per cent. This shift can be attributed to factors like improved infrastructure, better connectivity, and a growing preference for prime locations.........Read More


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