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New Delhi: Registration of properties in Mumbai The municipal sector grew 15 per cent to 8,756 units this month on high demand despite a rise in interest rates. knight frank india, In November 2021, the registration of properties stood at 7,582 units.
The consultant added that the growth in property sale registrations in Mumbai remains robust with some moderation recorded in recent months.
“Backed by strong consumer sentiment and supportive drivers, Mumbai residential The market has grown despite geopolitical headwinds.” Shishir BaijalKnight Frank India Chairman and Managing Director said.
He added, “As the festival season approaches, which overshadowed market sentiment last month, November 2022 continues to be the beneficiary of a sustained momentum registering year-on-year growth in property sales and government revenue collections. ”
However, Baijal said that the growth rate has come down marginally due to increase in mortgage rates.
Properties falling in the Rs 1-2.5 crore price bracket have emerged as the preferred ticket size with a share contribution of 42 per cent in November 2022.
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