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During the 2022 calendar year, registration of properties in Mumbai city increased by 9% year over year to approximately 1.22 lakh units,
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As of Friday at 2:20 p.m., 1,21,850 properties have been registered in Mumbai city's (BMC region).
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In 2022, residential properties accounted for 86% of all registered properties.
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The information relates to sales of all kinds of properties, including residential, commercial, and other sorts, in both the new sales and resale markets.
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In 2013, there were 64,242 registered properties; in 2014, 63,636; in 2015, 67,400; in 2016, 63,255; in 2017, 68,659; in 2018, 80,746; in 2019, 67,863; and in 2020, 65,633 units.
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The consultant reported that 9,182 real estate transactions in Mumbai City were registered in December 2022, generating approximately Rs 821 crore in state revenues.
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The demand to possess a home has fueled real estate sales in Mumbai City post-Covid.
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This is clear from 2022, which after 2021 became the second straight year to record property registrations of over 1 lakh units.
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Consequently, 2022 will have the most yearly registrations for property sales in the last ten years "said Knight Frank.