The Mumbai real estate market has reported several high-value transactions in 2023. More than 1.04 lakh property registrations have been reported in the first 10 months of 2023.
Mumbai real estate update: One of the reasons is that this Navratri was significantly better for the Mumbai real estate market, with a 37.4 percent jump in registrations compared to the last one.
Maharashtra real estate: In 2023, there are more than 7,700 real-estate projects registered with the Maharashtra Real Estate Regulatory Authority (MahaRERA) have lapsed, owing to delays, according to data provided by the authority. This means real-estate developers cannot advertise, market or sell apartments in these 7,700 projects.
Manila claimed the top spot in the ranking with a 21.2 percent annual rise in prices. Manila’s performance is attributed to strong domestic and foreign investments
The rise in air pollution levels in Mumbai has turned worrisome for the authorities, with even the Central government writing to the Maharashtra government expressing concern over the same.