Mumbai Real Estate Surges in Q3 2024 with 24,222 Units Sold: Knight Frank India Report
Mumbai's residential real estate market achieved remarkable growth in Q3 2024, registering the highest sales among major Indian cities, according to the latest report by real estate consultancy Knight Frank India. A total of 24,222 residential units were sold during this period, reflecting a 9% year-on-year (YoY) growth. The report also highlighted that 23,677 new units were launched in the city, representing a 21% increase compared to Q3 2023. The average weighted residential price in Mumbai saw a 6% YoY increase, rising to Rs 8,056 per square foot, marking the highest price among Indian cities. Mumbai also led the nation in property registrations, with over 105,000 transactions recorded from January to September, a 12% growth compared to the same period last year. Key Highlights from the Knight Frank India Report: Sales Surge: Mumbai recorded 24,222 residential units sold in Q3 2024, a 9% increase YoY. New Launches: 23,677 new units were introduced in Q3 2024, showing a 21% gro...