Mumbai real estate market witnessed a significant upturn in February 2024, with property registrations soaring to 11,742, a 21 percent increase compared to February 2023's 9,684 registrations, and a 7 percent rise from January 2024's figures, as per data from IGR Maharashtra.
February 2024, stands out as a landmark month for Mumbai's real estate market, with property registrations reaching a 12-year high. The market showcased remarkable resilience and growth that underscores the robust demand for real estate in the city.
This surge in registrations paints a promising picture for Mumbai's real estate sector. It is clear that the demand for homes in Mumbai is on an upward trajectory, driven by improved income levels and a positive outlook on homeownership.
As we move forward, it's crucial for stakeholders to leverage this opportunity to strategize and align with the evolving market demands.
