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Property registrations in Mumbai municipal limits recorded a slight decline for June, closing at approximately 11,600 units, as per data released by Knight Frank India. The final tally reached 11,586 registrations by 8:15 pm on June 30, slightly below the 11,673 units recorded in June 2024. The figures encompass transactions from both the primary and secondary markets, reflecting the overall residential activity within the Brihanmumbai Municipal Corporation (BMC) jurisdiction.
Knight Frank India has reported that property registrations within Mumbai's municipal limits reached 11,586 units by 8:15 pm on June 30, registering a marginal drop compared to 11,673 units registered during June 2024. The figures represent a slight moderation in activity within the Brihanmumbai Municipal Corporation (BMC) area. Advertisement
The data compiled includes registrations from both the primary and resale segments, offering a comprehensive view of the city's residential transaction landscape. Although the decline is not substantial, it comes amid an environment of robust demand and sustained momentum observed in recent months.
Mumbai's property market has witnessed consistent interest over the past year, partly due to favourable lending rates and increasing end-user participation. While the latest data shows a minor contraction in monthly registrations, industry experts interpret this as part of normal market fluctuation rather than a cause for concern.
While the volume decreased slightly, the city continues to witness steady residential activity, supported by a mix of end-user demand and investor interest. Observers are likely to watch July's performance closely, especially as developers prepare to launch new inventory aligned with upcoming festive demand.
Source - PTI
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