Mumbai Property Market

The share of overall property registrations by buyers of aged 61 and above surged 204 per cent in Mumbai, increasing from 7,554 in 2020 to 15,276 in 2024, as elderly buyers sought better properties for a stable lifestyle, a report showed on Friday.

Over 11,700 properties were registered in Mumbai this month and the state government collected a record Rs 865 crore in stamp duties alone, a report by Knight Frank India said.

Sales of residential properties, priced above Rs 10 crore, in Mumbai's primary and resale market rose 49 per cent in value terms to Rs 11,400 crore during the January-June period on strong demand, according to India Sotheby's International Realty

Alia Bhatt gifted two flats in Mumbai's Gigi Apartments, with a total market value of Rs 7.68 crore, to her sister Shaheen Bhatt

"Post-Covid, the need for house ownership has driven property sales in Mumbai city. This is evident from 2022 that emerged as a second consecutive year recording property registrations over 1 lakh units after 2021," Knight Frank said.

Godrej Properties: The project will offer about 1.6 million square feet of saleable area comprising residential apartments of various sizes, the company said

Macrotech, which built the Trump Tower in Mumbai, will be the biggest Indian developer to try to list since DLF Ltd. went public in 2007.

Macrotech Developers, a Trump Tower developer in Mumbai, to Godrej Properties, controlled by billionaire Adi Godrej's family, are building more low-cost homes as the credit squeeze crimps demand for posh properties. New home starts rose 21 per cent across seven of India's biggest cities led by affordable flats, highlighting pent up demand in the se...

Mumbai, Chennai, Bangalore and Delhi-NCR were the dominant markets, with a share of almost 70-75 per cent in both new launches and sales

The property developers are adding to a pile-up of bad loans in India's banking sector, which is already struggling to manage a spike in stressed assets across several industries.

News Corp-backed portal PropTiger.com tracks primary residential markets of nine cities - Gurgaon, Noida, Mumbai, Pune, Bengaluru, Hyderabad, Chennai, Kolkata and Ahmedabad.

After trying for four months to sell his apartment in a western suburb of Mumbai, Meher Verma decided to cut the price by 10 percent. With property demand plummeting in the wake of November's sudden ban on high-denomination notes, he's not sure the reduction will do the trick.

While capital of the Philippines, Manila got the third spot, Ho Chi Minh City in Vietnam and Shenzhen in China stood fourth and fifth, respectively.

Housing prices in 42 major cities across India could drop by up to 30 per cent over 6-12 months after the demonetisation of high-value notes, wiping out over Rs 8 lakh crore worth market value of residential properties sold and unsold by developers since 2008.

Shares of Jignesh Shah-promoted 63 Moon Technologies (formerly known as Financial Technologies or FTIL) slumped as much as 17.5 per cent to hit intraday low of Rs 70.65 after the Mumbai Police's Economic Offences Wing attached immovable properties worth Rs 2,000 crore of the company.

The share of overall property registrations by buyers of aged 61 and above surged 204 per cent in Mumbai, increasing from 7,554 in 2020 to 15,276 in 2024, as elderly buyers sought better properties for a stable lifestyle, a report showed on Friday.

Over 11,700 properties were registered in Mumbai this month and the state government collected a record Rs 865 crore in stamp duties alone, a report by Knight Frank India said.

Sales of residential properties, priced above Rs 10 crore, in Mumbai's primary and resale market rose 49 per cent in value terms to Rs 11,400 crore during the January-June period on strong demand, according to India Sotheby's International Realty

Alia Bhatt gifted two flats in Mumbai's Gigi Apartments, with a total market value of Rs 7.68 crore, to her sister Shaheen Bhatt

"Post-Covid, the need for house ownership has driven property sales in Mumbai city. This is evident from 2022 that emerged as a second consecutive year recording property registrations over 1 lakh units after 2021," Knight Frank said.

Godrej Properties: The project will offer about 1.6 million square feet of saleable area comprising residential apartments of various sizes, the company said

Macrotech, which built the Trump Tower in Mumbai, will be the biggest Indian developer to try to list since DLF Ltd. went public in 2007.

Macrotech Developers, a Trump Tower developer in Mumbai, to Godrej Properties, controlled by billionaire Adi Godrej's family, are building more low-cost homes as the credit squeeze crimps demand for posh properties. New home starts rose 21 per cent across seven of India's biggest cities led by affordable flats, highlighting pent up demand in the se...

Mumbai, Chennai, Bangalore and Delhi-NCR were the dominant markets, with a share of almost 70-75 per cent in both new launches and sales

The property developers are adding to a pile-up of bad loans in India's banking sector, which is already struggling to manage a spike in stressed assets across several industries.

News Corp-backed portal PropTiger.com tracks primary residential markets of nine cities - Gurgaon, Noida, Mumbai, Pune, Bengaluru, Hyderabad, Chennai, Kolkata and Ahmedabad.

After trying for four months to sell his apartment in a western suburb of Mumbai, Meher Verma decided to cut the price by 10 percent. With property demand plummeting in the wake of November's sudden ban on high-denomination notes, he's not sure the reduction will do the trick.

While capital of the Philippines, Manila got the third spot, Ho Chi Minh City in Vietnam and Shenzhen in China stood fourth and fifth, respectively.

Housing prices in 42 major cities across India could drop by up to 30 per cent over 6-12 months after the demonetisation of high-value notes, wiping out over Rs 8 lakh crore worth market value of residential properties sold and unsold by developers since 2008.

Shares of Jignesh Shah-promoted 63 Moon Technologies (formerly known as Financial Technologies or FTIL) slumped as much as 17.5 per cent to hit intraday low of Rs 70.65 after the Mumbai Police's Economic Offences Wing attached immovable properties worth Rs 2,000 crore of the company.