Mint Primer | Why 2024 was a mixed bag for the housing sector
1 week, 6 days ago

Mint Primer | Why 2024 was a mixed bag for the housing sector

Live Mint  

Residential sales in the top seven cities saw a slight fall this year compared with 2023, against hopes they would touch a new peak in 2024. The sector’s growth momentum was dented not just by lower sales but also the new supply pipeline, as per Anarock Property Consultants. While sales saw a dip, they were offset by a 16% jump in the overall sales value, due to average price appreciation and increasing unit or home sizes. Mumbai Metropolitan Region, the country’s most valued property market, saw the highest sales with around 155,335 units sold in 2024.

Cities Sales Pune Units Sold Decline Saw  sold  mixed  sales  market  cities  project  decline  sector  housing  saw  pune  bag  mint  units  property  2024  primer

History of this topic

Real Estate Outlook 2025: 5 most sought-after areas for buying an apartment in the Mumbai Metropolitan Region
6 days, 21 hours ago

Real Estate Outlook 2025: 5 most sought-after areas for buying an apartment in the Mumbai Metropolitan Region

Hindustan Times  

Mumbai real estate market reported over 1.41 lakh property registrations in 2024 and is expected to grow steadily in 2025, according to experts. However, according to the property registration data, western suburbs and central suburbs remain the most sought-after areas for buying an apartment in the Mumbai real estate market, data from Knight Frank India, a real estate consultancy, reveals. …

Year-ender 2024: Residential transactions cross 5.7 lakh mark, property prices jump 60% in 5 years
1 week, 2 days ago

Year-ender 2024: Residential transactions cross 5.7 lakh mark, property prices jump 60% in 5 years

Hindustan Times  

The Indian residential sector clocked 5.77 lakh property transactions in 2024, up by 4% from 5.56 lakh in 2023. Mumbai recorded the highest number of residential transactions worth ₹1.6 lakh crore with over 1.3 lakh units. Bengaluru and Pune followed with ₹0.6 lakh crore of residential transactions with 0.8 lakh and 1 lakh units, respectively. Western India dominated residential transactions …

India’s real estate to remain gung ho on luxury, premium housing in 2025 as affordable takes a backseat
1 week, 3 days ago

India’s real estate to remain gung ho on luxury, premium housing in 2025 as affordable takes a backseat

Live Mint  

Come 2025, India’s real estate developers will double down on luxury and premium housing, leaving the affordable segment to catch up. “We are strategically leveraging the robust demand in the luxury real estate segment by curating projects that align with the evolving preferences of modern buyers," said Robin Mangla, president, M3M India. DLF Ltd, India’s largest listed real estate company, …

Housing supply up 44 pc in NCR this year to 53K units; luxury home share in launches 60 pc: Anarock
1 week, 3 days ago

Housing supply up 44 pc in NCR this year to 53K units; luxury home share in launches 60 pc: Anarock

Live Mint  

New Delhi, The Delhi-NCR housing market witnessed a 44 per cent growth in new supply this year to 53,000 units, of which nearly 60 per cent were ultra-luxury homes priced above ₹2.5 crore each, according to Anarock. As per the Anarock data, Delhi-NCR launched 53,000 new housing units in 2024 a significant 44 per cent rise over 2023. According to …

India real estate: Housing sales marginally down by 4% in top seven cities, Kolkata and Chennai the most hit: ANAROCK
1 week, 6 days ago

India real estate: Housing sales marginally down by 4% in top seven cities, Kolkata and Chennai the most hit: ANAROCK

Hindustan Times  

Housing sales in the top seven Indian cities witnessed a marginal fall of 4% in 2024, with over 4.59 lakh units being sold compared to over 4.76 lakh units in 2023, according to the data of ANAROCK, a real estate consultancy. India real estate update: Housing sales in the top seven Indian cities witnessed a marginal fall of 4% in …

Mumbai real estate market in 2024: Here are the top 5 land deals worth more than ₹2,500 crore
2 weeks, 2 days ago

Mumbai real estate market in 2024: Here are the top 5 land deals worth more than ₹2,500 crore

Hindustan Times  

Mumbai, the financial capital of India, is the costliest real estate market and a land-starved city. Century Textiles buys 10-acre land in Mumbai from Nusli Wadia for ₹ 1100 crore for real estate development Century Textiles and Industries Limited in September 2024 announced that it has acquired the ownership rights of an approximately 10-acre leasehold land parcel in Worli, Mumbai, …

Delhi NCR beats Bengaluru, Mumbai in residential price growth; leads housing price index
2 weeks, 3 days ago

Delhi NCR beats Bengaluru, Mumbai in residential price growth; leads housing price index

Hindustan Times  

Driven by strong end-user demand and investor interest, the Delhi National Capital Region has shown significant appreciation in residential prices with a Housing Price Index of 178 between June to September, a joint study by Housing.com and the Indian School of Business on December 23 showed. Delhi National Capital Region has shown significant appreciation in residential prices with a Housing …

Housing sales in Dec qtr to fall 21 pc in top 9 cities; demand up 25 pc in NCR: PropEquity
2 weeks, 4 days ago

Housing sales in Dec qtr to fall 21 pc in top 9 cities; demand up 25 pc in NCR: PropEquity

Live Mint  

New Delhi, Dec 21 Housing sales are estimated to fall 21 per cent annually across nine major cities during October-December period to 1.08 lakh units on high base effect, according to PropEquity. Housing sales are estimated to fall in Hyderabad by 47 per cent to 12,682 units during October-December 2024 from 24,044 units in the year-ago period. In Bengaluru, sales …

Average Apartment Sale Price In India Hits Rs 1.64 Crore In 2024: Report
1 month ago

Average Apartment Sale Price In India Hits Rs 1.64 Crore In 2024: Report

ABP News  

India saw the sale of 2.3 lakh homes valued at Rs 3.8 trillion in the first nine months of 2024, with an average sale price of Rs 1.64 crore per apartment, driven mainly by premium projects, particularly in Delhi NCR, according to global real estate consultancy firm JLL. “With capital values surging and being at an all-time high, close to …

Year-ender 2024: Housing sales across 7 cities including Delhi NCR, Mumbai, Bengaluru expected to touch 3.05 lakh units
1 month ago

Year-ender 2024: Housing sales across 7 cities including Delhi NCR, Mumbai, Bengaluru expected to touch 3.05 lakh units

Hindustan Times  

Housing sales across the top seven cities- Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Pune and Hyderabad - are expected to touch 3.05 lakh on the back of increase in demand. Year-ender 2024: Housing sales across the top seven cities- Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Pune and Hyderabad - are expected to touch 3.05 lakh on the back of increase in demand. …

Mumbai real estate market: Western and central suburbs emerge as key hotspots for real estate investment
1 month ago

Mumbai real estate market: Western and central suburbs emerge as key hotspots for real estate investment

Hindustan Times  

Mumbai real estate market's western and central suburbs have emerged as the key hotspots for real estate investment. This is evident from the fact that around 84% of the total 10,200 properties registered in Mumbai in November 2024 were from the western and central suburbs of Mumbai, according to the recent data shared by the Inspector General of Registration and …

Properties worth ₹50 lakh: Here’s what you can buy in Mumbai and MMR
1 month, 1 week ago

Properties worth ₹50 lakh: Here’s what you can buy in Mumbai and MMR

Hindustan Times  

Mumbai real estate market is the most expensive real estate market in the country and purchasing a home in the financial capital is a dream come true for many homebuyers considering that apartments cost as much as ₹20,000 per sq ft to ₹1.50 lakh per sq ft if not more. "With a budget of ₹50 lakh in Mumbai, homebuyers can …

Mumbai and Delhi among top APAC cities to record highest price growth in the luxury housing segment
1 month, 2 weeks ago

Mumbai and Delhi among top APAC cities to record highest price growth in the luxury housing segment

Hindustan Times  

Mumbai and Delhi-NCR are among the top cities in the Asia Pacific region to record the highest annual price growth in the luxury housing segment. Mumbai and Delhi are among the top cities in the Asia Pacific region to record the highest annual price growth in the luxury housing segment. The average price for the prime residential market in the …

Mumbai and Delhi rank among the fastest-growing luxury real estate markets in Asia-Pacific: Knight Frank
1 month, 2 weeks ago

Mumbai and Delhi rank among the fastest-growing luxury real estate markets in Asia-Pacific: Knight Frank

Live Mint  

India’s real estate sector is experiencing a boom fueled by robust economic growth, infrastructure upgrades, and evolving lifestyle aspirations. In Q3 2024, the city recorded an 11.5 per cent year-on-year increase in luxury real estate prices, which now average $953 per square foot. Shishir Baijal, Chairman and Managing Director of Knight Frank India, emphasised, "India's residential real estate sector is …

Mumbai real estate market: 5 luxury apartment deals that cost ₹100 crore and above
Trending News
1 month, 4 weeks ago

Mumbai real estate market: 5 luxury apartment deals that cost ₹100 crore and above

Hindustan Times  

Mumbai real estate market has witnessed some of the costliest luxury apartment deals across the country of which a few properties have been sold for ₹1.50 lakh per sq ft and above. 1 Apartments sold for ₹ 198 crore in Oberoi’s Three Sixty West project in Worli In a recent transaction, promoter of wires and cables manufacturer RR Kabel Ltd, …

Top 6 Cities in India See Significant Surge in Home Sales in Q3 2024
2 months, 2 weeks ago

Top 6 Cities in India See Significant Surge in Home Sales in Q3 2024

Hindustan Times  

Indian homeowners have shown a strong interest in purchasing homes in major cities across the country during the January-September period of 2024. Pune and Delhi-NCR emerged as top performers, with a combined value of ₹4.26 lakh crore sold during the quarter. Delhi-NCR led the way with sales worth ₹1.2 lakh crore, while Pune sold the highest number of units at …

Mumbai real estate: Residential property sales dip 14.79% in September
3 months, 1 week ago

Mumbai real estate: Residential property sales dip 14.79% in September

Hindustan Times  

Mumbai: The sale of residential homes in Mumbai took a beating this September as 14.79% lesser homes were sold during the month compared to September 2023, according to data from the state government’s department of registration and stamps. Property sales dip 14.79% in Sept ’24 A total of 10,693 homes were sold in September last year while this year, the …

Affordable Cities in India in 2024: The Least and the Most
3 months, 3 weeks ago

Affordable Cities in India in 2024: The Least and the Most

The Hindu  

Affordable Cities in India in 2024: Finding an affordable city in India can be a game-changer, especially in 2024 when the cost of living has been varying significantly. 2024: The Most Affordable Cities in India A recent analysis was done by a market source investigating the price-to-income ratio and the EMI-to-income ratio in various cities of the country. According to …

Mumbai records 11,735 property registrations in August 2024; stamp duty collections hit ₹1072 crore
4 months, 1 week ago

Mumbai records 11,735 property registrations in August 2024; stamp duty collections hit ₹1072 crore

Hindustan Times  

Mumbai witnessed a 8% Year-on-Year increase in property registrations in August 2024 with the number rising to 11,735 from 10,902 a year earlier, according to the data of the Inspector General of Registration and Controller of Stamps of Maharashtra. Mumbai witnessed a 8% Year-on-Year increase in property registrations in August 2024 with the number rising to 11,735 from 10,902 a …

Mumbai ranks 2nd, New Delhi 3rd in global property price index; Manila tops the list
4 months, 2 weeks ago

Mumbai ranks 2nd, New Delhi 3rd in global property price index; Manila tops the list

Hindustan Times  

Mumbai and New Delhi have recorded an annual increase in their real estate prices at 13% and 10.6% respectively, while Bengaluru has witnessed a modest 3.7% rise. Mumbai and New Delhi have recorded a sharp annual increase in their real estate prices at 13% and 10.6% respectively The Prime Global Cities Index is a valuation-based index tracking the movement of …

Housing sales across top 7 cities expected to witness double digit growth in 2024-2025: ICRA
5 months ago

Housing sales across top 7 cities expected to witness double digit growth in 2024-2025: ICRA

Hindustan Times  

Presenting a stable outlook for the residential real estate sector in financial year 2024-25, credit rating agency ICRA Limited on August 7 said that housing sales across the country’s top cities - Mumbai Metropolitan Region, National Capital Region, Bengaluru, Hyderabad, Pune, Kolkata and Chennai - are expected to witness double digit growth in 2024-2025. Housing sales across top 7 cities …

Delhi-NCR real estate market: Affordable housing sales share dips to 24% in H1 2024, luxury sales touch 45%
5 months, 1 week ago

Delhi-NCR real estate market: Affordable housing sales share dips to 24% in H1 2024, luxury sales touch 45%

Hindustan Times  

Out of NCR's total housing sales of approximately 32,200 units in H1 2024, over 45% share was in the luxury segment, and 24% in the affordable segment. Gurugram saw the highest luxury sales in Delhi-NCR at approximately 10,365 units, followed by Noida and Greater Noida together at 3,550 units Of the total luxury sales in NCR in H1 2024, Gurugram …

Mumbai property registrations increase by 19% Y-o-Y in July 2024; stamp duty collections up by 27%
5 months, 1 week ago

Mumbai property registrations increase by 19% Y-o-Y in July 2024; stamp duty collections up by 27%

Hindustan Times  

Property registrations in the Mumbai real estate market grew by more than 19% to touch 12,160 in July 2024 from 10,221 a year earlier, according to the data shared by the Inspector General of Registration and Controller of Stamps of Maharashtra. Property registrations in the Mumbai real estate market grew by more than 16% to touch 12,160 in July 2024. …

Luxury housing sales increase by 27% in the Jan-June period in 2024; Delhi-NCR tops list
5 months, 3 weeks ago

Luxury housing sales increase by 27% in the Jan-June period in 2024; Delhi-NCR tops list

Hindustan Times  

More than 8500 luxury housing units were sold in the January to June 2024 period compared to around 6,700 units during the same period last year registering an almost 27% increase in sales. Delhi-NCR, Mumbai, and Hyderabad emerged as prominent markets, accounting for nearly 84% of the total luxury housing sales of units priced more than ₹4 crore across the …

Affordable housing supply drops 21% as premium apartments surge in major cities: JLL India report
5 months, 4 weeks ago

Affordable housing supply drops 21% as premium apartments surge in major cities: JLL India report

New Indian Express  

NEW DELHI: New supply of affordable apartments costing below Rs 50 lakh declined by 21 per cent in the April-June period across seven major cities as builders are launching more premium flats, according to real estate consultant JLL India. JLL India on Friday released data for the housing market of major seven cities, showing a 5 per cent increase in …

Mumbai’s luxury housing sales up by 8% in H1 2024; touch ₹12,300 crore: Report
5 months, 4 weeks ago

Mumbai’s luxury housing sales up by 8% in H1 2024; touch ₹12,300 crore: Report

Hindustan Times  

Mumbai saw sales of luxury homes, priced ₹10 crore and above, touch ₹12,300 crore during the January to June period which was an 8% increase over the first half of the 2023 calendar year, according to a report by India Sotheby's International Realty and CRE Matrix. Mumbai’s luxury housing sales grew 8% in H1 2024 to touch ₹ 12,300 crore …

Housing sales down 6% in April-June quarter; new supply remains flat in top 8 cities: PropTiger
5 months, 4 weeks ago

Housing sales down 6% in April-June quarter; new supply remains flat in top 8 cities: PropTiger

Hindustan Times  

Housing sales in the top eight cities fell 6% during the April-June period of 2024 compared to the previous quarter and new launches came down with both homebuyers and developers adopting a wait-and-watch approach ahead of the Lok Sabha polls, a quarterly analysis by digital real estate brokerage firm PropTiger.com showed. Housing sales in the top eight cities fell 6% …

Mumbai sells record ₹12,300 cr of luxury homes in Jan-June period as buyers upgrade to bigger apartments
5 months, 4 weeks ago

Mumbai sells record ₹12,300 cr of luxury homes in Jan-June period as buyers upgrade to bigger apartments

Live Mint  

Luxury homes in Mumbai, India's most expensive real estate market, clocked record sales of ₹12,300 crore in the first half of 2024 on the back of growing demand for high-end properties, with Worli cornering more than a third of the purchases. In comparison, about ₹11,400 crore of luxury homes - priced ₹10 crore and above - were sold in the …

Housing Prices In Delhi NCR & MMR Climb 49% In 5 Years: Report
6 months ago

Housing Prices In Delhi NCR & MMR Climb 49% In 5 Years: Report

News 18  

India’s two leading realty hotspots NCR and MMR have recorded breaking residential property sales. “Latest Anarock Research data finds that NCR recorded a 49% five-yearly jump in average residential prices between H1 2019 and H1 2024 – from Rs 4,565 per sq. residential prices b/w H1 2019 & H1 2024 MMR saw average residential prices appreciate 48% in the period …

Luxury realty booms: Homes above Rs 1 cr now 41% of India's housing sales
6 months ago

Luxury realty booms: Homes above Rs 1 cr now 41% of India's housing sales

Business Standard  

India's residential real estate market is experiencing a surge in activity, fueled by a robust economy and growing demand for luxury living. A new report by Knight Frank, titled "India Real Estate: Residential and Office, revealed that the first half of 2024 witnessed a significant jump in residential unit sales across India's top eight cities, including Mumbai, Delhi-NCR, Bengaluru, Pune, …

Luxury homes above ₹1 crore witness 41% growth in sales; affordable housing sales decline
6 months ago

Luxury homes above ₹1 crore witness 41% growth in sales; affordable housing sales decline

Hindustan Times  

Housing sales hit an 11-year high with 1.73 lakh units sold across the top eight Indian cities. NCR and Mumbai accounted for almost half of premium category sales in H1 2024, a new report by Knight Frank India showed. Home sales surged by 11% YoY to touch 1.73 lakh units sold across the country’s top eight markets in H1 2024, …

Mumbai Sees Record-Breaking Property Registrations In June, Highest In 12 Years: Report
6 months ago

Mumbai Sees Record-Breaking Property Registrations In June, Highest In 12 Years: Report

News 18  

Mumbai city recorded approximately 11,443 property registrations in June 2024, contributing over Rs 986 Crores to the state exchequer. In June 2024, Mumbai experienced the highest number of property registrations for any June month in the past 12 years. Average number of registrations in H1 2024 stood above 12-month average of 2023 While property registrations in the city saw YoY …

Housing sales up by 5% in FY24 in Mumbai Metropolitan Region, launches down by 22%: Report
6 months, 1 week ago

Housing sales up by 5% in FY24 in Mumbai Metropolitan Region, launches down by 22%: Report

Hindustan Times  

Housing sales in the Mumbai Metropolitan Region increased by 5% to touch 1.32 lakh in FY24 from 1.25 lakh in FY23. Navi Mumbai witnessed the highest spike in unsold inventory in MMR which went up by 63% to touch 9,037 units in FY24 from 5,559 units in FY23. Sales remain strong in suburban real estate markets of Mumbai In eastern …

Mumbai property registrations rise 11% Y-o-Y in June 2024; stamp duty collections up by 15%
6 months, 1 week ago

Mumbai property registrations rise 11% Y-o-Y in June 2024; stamp duty collections up by 15%

Hindustan Times  

Property registrations in the Mumbai real estate market grew by more than 11% to 11,443 in June 2024 from 10,319 a year earlier, according to the data shared by the Inspector General of Registration and Controller of Stamps of Maharashtra. In May 2024, a total of 12,000 property registrations were reported in the Mumbai real estate market. Property registrations in …

Mumbai and Delhi in top 5 cities globally in housing price rise, Bengaluru's spot improves: Report
6 months, 3 weeks ago

Mumbai and Delhi in top 5 cities globally in housing price rise, Bengaluru's spot improves: Report

India TV News  

New Delhi: Mumbai ranked third and Delhi fifth among the top 44 cities globally in terms of housing price increases during the January-March 2024 period, as per the London-based global property consultancy firm Knight Frank's recent report ‘Prime Global Cities Index Q1 2024’. Mumbai recorded an 11.5 per cent year-on-year growth in prime residential prices in January-March 2024. Knight Frank's …

Share of luxury homes' sales now almost at par with affordable housing units
7 months, 4 weeks ago

Share of luxury homes' sales now almost at par with affordable housing units

Hindustan Times  

The share of luxury housing sales has jumped to 21% from a mere 7% five years ago but affordable housing has seen a sharp decline, dropping to 20% from 37% in the same period, data shared by Anarock has shown. The share of luxury housing sales has jumped to 21% from a mere 7% five years ago but affordable housing …

Luxury homes priced over ₹4 crore record 10% Y-o-Y growth in Jan-March 2024 across top seven cities
8 months, 1 week ago

Luxury homes priced over ₹4 crore record 10% Y-o-Y growth in Jan-March 2024 across top seven cities

Hindustan Times  

Luxury housing units priced more than ₹4 crore and above recorded a 10% Y-o-Y sales growth during January to March 2024 across seven major cities. Luxury housing units priced more than ₹ 4 crore and above recorded a 10% Y-o-Y sales growth during January to March 2024 across seven major cities. As per the data for sales of housing units …

Mumbai records more than 11,500 property registrations in April 2024; ₹1,043 crore collected in stamp duty
8 months, 1 week ago

Mumbai records more than 11,500 property registrations in April 2024; ₹1,043 crore collected in stamp duty

Hindustan Times  

As many as 11,504 units were registered in Mumbai in April 2024 up by 9% year-on-year, adding over ₹1,043 crore to the state exchequer. As many as 11,504 properties were registered in Mumbai in April 2024 up by 9% year-on-year, adding over ₹ 1,043 crore to the state exchequer. Revenue collection in April 2024 records best for the month of …

Homes worth ₹1.11 lakh crore sold during Jan-Mar 2024; Up by 68% in value terms: Report
8 months, 4 weeks ago

Homes worth ₹1.11 lakh crore sold during Jan-Mar 2024; Up by 68% in value terms: Report

Hindustan Times  

Homes worth ₹1.11 lakh crore were sold in the January to March 2024 period with housing sales increasing by 68% in value terms, according to a report by PropTiger.com Homes worth ₹ 1.11 lakh crore were sold in the January to March 2024 period with housing sales increasing by 68% in value terms, according to a report by PropTiger.com In …

Real estate boom: Revenue from stamp duty and registration crosses ₹50,400 crore
9 months, 1 week ago

Real estate boom: Revenue from stamp duty and registration crosses ₹50,400 crore

Hindustan Times  

Mumbai: The revenue collection from the stamp duty registration in the financial year 2023-24 has crossed ₹50,400 crore, with a whopping 13% rise over last year’s collection, thanks to the continued buoyancy in the real estate sector and government drive to recover dues. Sonawane said that the whopping collection was due to rigorous recovery rather than the boost in the …

Housing sales in top seven cities record 14% increase in Q1 2024; prices rise by 10-32%
9 months, 1 week ago

Housing sales in top seven cities record 14% increase in Q1 2024; prices rise by 10-32%

Hindustan Times  

As many as 1.30 lakh housing units were sold in Q1 2024 across the top seven cities on the back of increase in demand which is a 14% yearly rise against approximately 1.13 lakh units sold in January-March period in 2023, according to data shared by Anarock. As many as 1.30 lakh housing units were sold in Q1 2024 across …

Luxury homes priced above ₹50 crore and above witness a 1.5X y-o-y increase; Mumbai dominates demand
9 months, 2 weeks ago

Luxury homes priced above ₹50 crore and above witness a 1.5X y-o-y increase; Mumbai dominates demand

Hindustan Times  

Luxury homes priced ₹50 crore and above have seen a surge in sales value from ₹2,859 crore in 2022 to ₹4,319 crore in 2023, an increase by almost 1.5X. Luxury homes priced ₹ 50 crore and above have seen a surge in sales value from ₹ 2,859 crore in 2022 to ₹ 4,319 crore in 2023, an increase by almost …

Mumbai secures 3rd spot on Prime Global Cities Index Q4 2023 after Manila and Dubai
9 months, 2 weeks ago

Mumbai secures 3rd spot on Prime Global Cities Index Q4 2023 after Manila and Dubai

Hindustan Times  

Luxury homes in Mumbai, New Delhi and Bengaluru recorded an increase in their average annual prices in Q4 2023 with Mumbai witnessing a 10% growth, Delhi-NCR 4.2% and Bengaluru a 2.2% rise, Knight Frank’s Prime Global Cities Index showed. Luxury homes in Mumbai, New Delhi and Bengaluru recorded an increase in their average annual prices in Q4 2023 with Mumbai …

Mumbai ranks 3rd after Manila, Dubai in Knight Frank Prime Global Cities Index, sees 10% YoY growth in luxury home rates
9 months, 2 weeks ago

Mumbai ranks 3rd after Manila, Dubai in Knight Frank Prime Global Cities Index, sees 10% YoY growth in luxury home rates

Live Mint  

Mumbai has secured the third position in the prestigious Prime Global Cities Index for Q4 2023, a testament to the city's burgeoning luxury housing market. Mumbai witnessed an impressive 10 per cent year-on-year growth in prime residential prices, driven primarily by affluent homebuyers seeking lifestyle upgrades against the backdrop of a robust economic environment, according to Knight Frank's latest report, …

Mumbai is now among the world's top 10 luxury real estate markets: Knight Frank Wealth Report 2024
10 months, 1 week ago

Mumbai is now among the world's top 10 luxury real estate markets: Knight Frank Wealth Report 2024

Hindustan Times  

Mumbai is now among the top 10 luxury residential markets in the world. The city is ranked at number 8 globally in terms of price growth in luxury housing According to Knight Frank’s The Wealth Report 2024, the value of the Prime International Residential Index has increased by 3.1% in 2023 showcasing solid overall gains. Mumbai’s rank has improved to …

Mumbai Sees Bumper Growth In Rs 5 Cr Plus Luxury Flats In 2023: Report
10 months, 2 weeks ago

Mumbai Sees Bumper Growth In Rs 5 Cr Plus Luxury Flats In 2023: Report

News 18  

In 2023, nearly 3000 new luxury apartments were sold in Greater Mumbai with an overall value of Rs 38,000 crore. In another report by real estate consultant CBRE, it was found that HNIs are showing keen interest in buying luxury residential properties as sales of homes costing Rs 4 crore and above rose 75 per cent last year across seven …

Over 10,900 properties registered in Mumbai in Jan 2024, up 21% YoY
11 months, 1 week ago

Over 10,900 properties registered in Mumbai in Jan 2024, up 21% YoY

Hindustan Times  

Mumbai city is projected to witness registration of 10,901 properties in January 2024 on the back of strong residential demand, contributing to a revenue of ₹746 crore for the state government. Mumbai city is projected to witness registration of 10,901 properties in January 2024 on the back of strong residential demand, contributing to a revenue of ₹ 746 crore for …

Mumbai's Luxury Property Market Soars To Unprecedented Heights
11 months, 3 weeks ago

Mumbai's Luxury Property Market Soars To Unprecedented Heights

News 18  

The Indian real estate sector has undergone a significant transformation in recent years, with a spotlight on the flourishing luxury housing segment. Among the major cities, Mumbai has emerged as one of India’s fastest-growing luxury real estate markets. In the first half of 2023, Mumbai’s luxury property market showcased a robust surge in sales, boasting an impressive growth rate of …

Housing Sales in 7 Cities Rise 31% to 4.76 Lakh Units
1 year ago

Housing Sales in 7 Cities Rise 31% to 4.76 Lakh Units

Deccan Chronicle  

Chennai: Housing sales in the top 7 cities have created a new peak in 2023, increasing 31 per cent over the previous year. Around 4.76 lakh housing units were sold in 2023 in the top 7 cities, against 3.64 lakh units in 2022, a 31 per cent increase. In terms of supply, around 4.45 lakh new units were launched in …

Discover Related