In the year 2024, the Mumbai real estate market saw a significant increase in property registrations with a total of 1.41 lakh registrations. This marked an 11% rise compared to the previous year, 2023. The surge in registrations indicates a growing interest and activity in the real estate sector in Mumbai.
The increase in property registrations is a positive sign for the real estate market in Mumbai, as it shows a healthy demand for properties. This growth can be attributed to various factors such as favorable government policies, economic stability, and increased investment opportunities in the city.
Overall, the real estate market in Mumbai seems to be thriving, with more people investing in properties and registering them in the year 2024. This trend is likely to continue in the coming years, further boosting the growth of the real estate sector in the city.