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Realtors bet big on ultra luxury properties

Realtors bet big on ultra luxury properties
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Tony properties sell like hotcakes: What s driving the uber luxury real estate?

A luxury apartment in Mumbai has been sold for Rs 130.24 crore, reflecting the recent surge in the city s high-end residential market. The buyer, Asha Mukul Agarwal, also purchased two apartments for over Rs 132.75 crore. Mumbai has been witnessing record-setting transactions in its real estate market, with celebrities and high-net-worth individuals making significant purchases. Sales of luxury homes in Mumbai costing Rs 10 crore and above rose nearly 50% in the first half of 2023. The market is expected to continue to thrive due to the growing wealth in India and the city s rising number of millionaires.

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Registration of properties in Mumbai up 23% in September to about 10,600 units: Knight Frank

In the first nine months of 2023, Mumbai reported 94,383 registrations, resulting in a substantial revenue of Rs 8,389 crore for the state treasury, the highest in this timeframe since 2013.

Shishir baijalAmit goyalKnight frankIndia sotheby international realtyManaging directorKnight frank indiaIndia sothebyInternational realtyRegistration of propertiesKnight frank indiaShishir baijal

Registration of properties in Mumbai up 23 pc in Sept to about 10,600 units: Knight Frank

This surge is due to a rise in housing demand. Knight Frank India predicts that the number of registrations will reach approximately 10,650 units by the end of the day, with 82% of them being housing properties. The registration of properties is expected to contribute around Rs 1,127 crore to the state government s revenues.

Shishir baijalAmit goyalIndia sotheby international realtyKnight frankManaging directorKnight frank indiaIndia sothebyInternational realtyReal estateProperty market

Registration of properties in Mumbai up 23 pc in Sept to about 10,600 units: Knight Frank

Registration of properties in Mumbai up 23 pc in Sept to about 10,600 units: Knight Frank
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