MUMBAI REAL ESTATE

Mumbai property registration record streak continues, sees best July ever with 11,340 deals

India’s biggest and most expensive property market of Mumbai has continued to set new benchmarks by recording the best July performance ever in terms of deal registrations and collection of stamp duty revenue by the state exchequer.

Credit – The Economic Times

Maharashtra govt working on connecting key nodal points in Mumbai, says MMRDA Commissioner

The government of Maharashtra is working towards connecting major nodal centres Mumbai and is already preparing a special plan for the transportation sector revised for the next 20 years.

Credit – The Economic Times

Residential Real Estate in demand, home prices up with Mumbai, Bengaluru leading the market

Real Estate demand has witnessed growth and key property markets across India have witnessed price appreciation. Residential prices are supported by increase in sales owing to realisation of need for housing among homebuyers,

Credit – The Economic Times

Indian real estate market transparency among most improved globally

Owing to the series of policy decisions including the implementation of the Real Estate (Regulation & Development) Act, 2016 and digitization of land registries and market data has helped Indian real estate market’s transparency level move upwards.

Credit – The Economic Times

Property registrations in Mumbai up 21 per cent YoY, the best in a decade

Property registrations in Mumbai increased by 21 per cent YoY in June to 9,525 units even as housing rates surged and lenders hiked interest on home loans, a report by Knight Frank India said.

Credit – Business Standard 

Demand for 2 BHKs dominates real estate market pan-India

A major chunk of homebuyers pan-India are demanding 2 bedroom hall kitchen (BHK) units, closely followed by 3 BHKs, according to a recent report by Anarock Research.

Credit – The Economics Times

Mumbai real estate: Registration of properties up 78% in May

Property registrations in the Mumbai municipal region increased by 78 percent year on year (YoY) to 9,523 units in May. In May, 5,360 properties were registered in Mumbai city (BMC region).

Credit – Mint

Property prices in Bengaluru and Chennai were forecast to rise 5.5%-6.5% over the course of the next two years.

Property prices in India are expected to increase 7.5% on a pan-India basis this year, the fastest growth in five years, according to a Reuters poll of property analysts.

Credit – Mint

Bullish real estate cycle driving Mumbai’s luxury real estate market

Mumbai’s luxury real estate market has seen a drastic increase to Rs 20,255 crore, the highest in 2021 in four years, and may already be on its way to setting a new record in 2022,

Credit – CNBC  TV18

Indian real estate market to rise to Rs 65,000 crore by 2024: CIRIL

Consultancy firm CIRIL said in a report that the Indian Real Estate (RE) market is poised to touch Rs 65,000 crore by 2024 and by 2025, this sector is expected to contribute to 13 percent of the country’s GDP.

Credit – CNBC  TV18

Mumbai Real Estate Report Jan-Mar 2022: Market Updates

Property registrations in Mumbai nearly doubled from around 7,700 stamp duty deals in January to about 15,700 registrations in March 2022. The last month of the quarter got some of its pace due to the impending one percent metro cess effective from April 1, 2022.

Credit – 99acres.com

Residential property market quarterly sales hit 4-year high in Q1 2022

NEW DELHI: The first quarter of calendar year 2022 saw housing sales hit a four-year high of 78,627 units, rising 9% year-on-year (YoY), despite the third wave, according to a report by real estate consultancy Knight Frank.

Credit – Mint

Mumbai’s housing inventory to get major boost, prices may correct

Builders have paid a record premium to the tune of ₹13,543 crore for the construction of 150 million square feet area.
The premiums collected by the civic body are levied for approvals like starting, progressing...

Credit – Hindustan Times

Massive demand, supply, price upcycle await Mumbai’s real estate

The Mumbai property market that accounts for 10 per cent of national volumes, 23 per cent of sales and a third of the margins, is on the cusp of a historic upcycle on all fronts, having already hit a decadal high of new or primary sales in 2021 selling....

Credit – Business Standard

India house price rises to pick up pace in 2022

Indian house prices will rise this year and next at a faster pace than predicted just three months ago, supported by the economic recovery from the pandemic, according to a Reuters poll of property analysts.

Credit – reuters.com

Aditya Kushwaha is CEO and Director, Axis Ecorp in Times of India digital.

Real estate market to touch new heights in 2022

India’s real estate sector is witnessing a healthy increase in demand in 2022 and this momentum is expected to hold for the rest of the year.

Credit – The Times of India

Mumbai property market on record-setting spree, February scales over 10,000 registrations

Property registrations in Mumbai, the country’s biggest real estate market, have continued to reflect robust momentum in February, surpassing the pre-pandemic levels witnessed two years ago by a wide margin.

Credit – Economic Times

The outlook for the Indian real estate sector in 2022: What to expect

The last two years have been among the wildest in real estate history, with the COVID-19 pandemic hastening the recent trends.

Credit – smefutures.com

Mumbai real estate market scales new high in 2021

Buoyed on positive consumer sentiment and favourable home loan interest rates, the residential property market in Mumbai hit a new high in 2021.

Credit – businesstoday.in

2022: An exciting year for Mumbai real-estate

As the year 2021 winds down to a close it’s time to reflect on the year gone up and look ahead at the year to come.

Credit – moneycontrol.com

Real estate sector to contribute 13% to India’s GDP by 2025

According to a report released in August by the Indian Real Estate Industry, the real estate market is all set to reach a market size of $1 trillion by 2030, and will contribute 13 per cent to the GDP by 2025.

Credit – Lokmat Times

Real estate industry set to see a structural boom in this decade

8% decline in unsold inventory in MMR region combined with strongest ever sales momentum increases probability of price rise.

Credit – Hindustan Times