Mumbai Property Registrations Surge in May 2024

In May 2024, the registration of properties in Mumbai's municipal region increased by 22%, reaching 12,000 units. The heightened demand for housing has significantly contributed to this rise. According to Knight Frank India and state government data, 80% of these registrations were for residential units.

Registration of properties in the Mumbai municipal region rose by 22 per cent in May to 12,000 units on higher housing demand, according to Knight Frank.

Mumbai city (area under BMC jurisdiction) recorded property registration of 12,000 units till 9.25 pm on May 31 as against 9823 units in the same month last year, Knight Frank India said in a statement quoting state government data.

Of the overall registered properties in May 2024, residential units constitute 80 per cent.