Mumbai Properties News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The residential real estate sector is projected to maintain stable absorption and prices in FY25, supported by favorable affordability and stable interest rates. Despite the likelihood of a slowdown compared to the high base of FY24, significant growth was recorded in 9MFY24, with sales growth exceeding 25% y-o-y for the top eight real estate clusters. India Ratings and Research (Ind-Ra) has a neutral outlook for FY25, expecting pre-sales growth to moderate to 8%-10% y-o-y. Inventory levels have risen in the premium and luxury segments, with a 5% expected growth in property prices for FY25.

Property registrations in Mumbai municipal area are expected to increase by 33 per cent annually, reaching around 12,500 units this month, driven by stable demand and positive sentiment. Residential units make up 80 per cent of the registered properties, and the city is estimated to see over 1,27,000 registrations this year, generating revenue of more than Rs 10,000 crore. , Mumbai News, Times Now

The flat, located on the eleventh floor of the tower named 'Parishram' in Bandra West is sold by Keystone Realtors Limited.

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 m...

Mumbai Police said that the order will come into effect from September 9. Any person contravening the order shall be punishable under section 188 of the IPC