Tuesday, April 16, 2024
Google search engine
HomeBusinessFinanceRegistration of properties in Mumbai rises 15% to 8,756 units in November

Registration of properties in Mumbai rises 15% to 8,756 units in November

[ad_1]


Registration of properties in municipal region rose 15 per cent this month to 8,756 units on higher demand despite an increase in interest rates, according to .


In November 2021, the registration of properties stood at 7,582 units.


Growth in property sale registrations in continues to remain robust with some moderation recorded in the recent months, the consultant said.


“Supported by strong consumer sentiment and supportive drivers, the residential market has grown despite geopolitical headwinds,” Shishir Baijal, Chairman and Managing Director of India, said.


“As the festival season that drove market sentiment in the last month ends, November 2022 remains a beneficiary to the sustained momentum recording a YoY rise in property sales and government revenue collection,” he added.


However, Baijal said the growth rate appears to have moderated marginally due to the increased mortgage rates.


Properties falling in the price bracket of Rs 1-2.5 crore have emerged as a preferred ticket size in November 2022 having a share contribution of 42 per cent.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

[ad_2]

Source link

RELATED ARTICLES
- Advertisment -
Google search engine

Most Popular

Recent Comments