Mumbai city recorded a 13-year high in property registrations in 2024, with a total of 1,41,202 units registered — an 11% increase year-on-year — according to Knight Frank India citing Maharashtra government data.
The December 2024 alone saw 12,418 registrations generating Rs 1,134 crore in revenue. Residential properties accounted for 80% of the total registrations. The full-year revenue from property registrations was estimated at Rs 12,141 crore, representing the fastest revenue growth in a decade at 12%.
Knight Frank India CMD Shishir Baijal stated that this trend reflects evolved homebuyer preferences for quality and value, and underlines Mumbai's real estate market as a key driver of economic activity.