Mumbai's 2022 property registration growth is expected to be the highest in ten years

Image Credit by Google 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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[{"selector":"#anim-8e7957bb-b546-44e8-b95c-bec4bb74a1eb","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-366039f1-5b7c-485c-8272-df558c63138c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.90624987200394%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Image Credit by Google In 2022, residential properties accounted for 86% of all registered properties.

[{"selector":"#anim-f5f5ee88-6260-4530-8c64-088f0b649bd0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-f7a84f6a-c073-4333-9e03-b2813ecfc123","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Image Credit by Google The information relates to sales of all kinds of properties, including residential, commercial, and other sorts, in both the new sales and resale markets.

[{"selector":"#anim-ae10fc62-278c-4c3e-a311-73acf90679d9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(28.90624987200394%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-df57784a-46b8-4134-b3e6-d3b96f278677","keyframes":{"transform":["translate3d(110.35504%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .8, 1)","fill":"both"}] [{"selector":"#anim-45c0d20f-5419-4945-8ce8-81c04650e6b7","keyframes":{"transform":["rotateZ(180deg)","rotateZ(0deg)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .5, 1)","fill":"forwards"}] Image Credit by Google 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.

[{"selector":"#anim-38ee5c4b-1118-4ba2-99ad-1104c32bb182 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-23edc79c-ff85-4010-b2b2-ccc4c92a8567","keyframes":{"transform":["translate3d(-108.68347%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c235e711-20a7-4be3-a245-edd6ba13d2a0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b5c98846-d4a8-49c4-95ba-371bc871d470","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Image Credit by Google 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.

[{"selector":"#anim-288a6f01-bd21-47ec-8733-3e6e1f00e8d7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-abfb00ca-5bc0-4c39-95f4-1c3e188802f5","keyframes":{"transform":["translate3d(-110.65088%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .8, 1)","fill":"both"}] [{"selector":"#anim-cd11d6d4-230f-4dfe-9336-b4f5e2a53060","keyframes":{"transform":["rotateZ(-180deg)","rotateZ(0deg)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .5, 1)","fill":"forwards"}] Image Credit by Google The demand to possess a home has fueled real estate sales in Mumbai City post-Covid.

[{"selector":"#anim-96be8b0b-05e9-4ed9-8dd9-7b190c65724e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-18.4121622436907%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-eac6bf17-260c-4661-9fc9-cc32367483db","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-354dd0f1-e7a8-4bff-84c1-1b2c9a7b73c9","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Image Credit by Google 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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