Property registrations in Mumbai up 21 per cent YoY, the best in a decade

Property registrations in Mumbai increased by 21 per cent YoY in June to 9,525 units, a report by Knight Frank said

Property registrations in Mumbai increased by 21 per cent YoY in June to 9,525 units even as housing rates surged and lenders hiked interest on home loans, a report by Knight Frank India said. 

The consultant said that the number stood at 9,839 units in May, reported PTI. 

7,856 properties were registered in Mumbai municipal region (BMC area) in June 2021.

"Mumbai real estate market continues to witness robust demand with strong consumer sentiment towards home ownership anchoring growth," PTI quoted Knight Frank India chairman and managing director Shishir Baijal.

Also Read | Ahmedabad India's most affordable housing