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Economic Times
21 hours ago
- Business
- Economic Times
Mumbai property market maintains steady pace in July on demand, infra boost
Synopsis Mumbai's property market remained robust in July, mirroring last year's momentum with 12,510 deals. Stamp duty collections increased by 5.4% to Rs 1,121 crore, driven by sustained end-user demand and a preference for larger, premium homes. Infrastructure upgrades and stable interest rates continue to fuel buyer confidence, particularly in emerging corridors. Agencies Mumbai, the country's biggest and most expensive property market, remained on firm ground in July, with sustained end-user demand and growing preference for larger, premium homes continuing to shape buying interest levels and ongoing infrastructure upgrades across the city have helped maintain market momentum even after price growth and ready reckoner rates rise that was implemented from April Maximum City registered 12,510 property deals in July, maintaining the momentum witnessed a year ago, while stamp duty collections rose 5.4% to Rs 1,121 crore, showed data from the Inspector General of Registration (IGR), Maharashtra.'Mumbai's residential market continues to show steady buyer confidence, with monthly registrations consistently crossing the 12,000-mark in residential registrations. While there has been some softening in demand for mid-ticket segments, demand for larger homes and properties priced above Rs 5 crore remains strong, supporting healthy revenue collections,' said Shishir Baijal, CMD, Knight Frank marked the tenth consecutive month of registrations staying above the 11,000-mark, a clear indicator of consistent buyer sentiment. On a month-on-month basis property registrations increased by 7% while stamp duty collections increased by 6%. 'The uptick in housing sales highlights how strongly infrastructure upgrades are influencing buyer sentiment. As metro lines, expressways, a new airport, and civic amenities offering strategic connectivity take shape, homebuyers are growing more confident about investing in emerging corridors. The momentum is also driven by diverse residential and commercial growth supported by infra-led development and emerging communities,' said Anuj Goradia, Director, Dosti the January-July period, total registrations rose 5% on-year to 88,570, while stamp duty revenue grew 14% to Rs 7,853 crore, marking the strongest seven-month performance ever on this count. The market continued to be driven by residential demand, with 80% of registrations during the month were for residential share of high-value transactions continued to grow, with properties priced above Rs 5 crore accounting for 6% of all deals in July, compared to 5% a year ago. The mid-market category of Rs 1 crore to Rs 5 crore saw a slight decline in share, however, the category below Rs 1 crore grew up to 1,000 sq ft remained dominant, contributing 82% of all registrations. Within this, the 500–1,000 sq ft segment held steady at 46%, while the 1,000-2,000 sq ft segment rose to 14%.The western and central suburbs continued to drive the market, together accounting for 88% of all registrations. The western suburbs contributed 57%, central suburbs 31%, while South Mumbai's share eased to 6%.
Time of India
a day ago
- Business
- Time of India
Mumbai property market maintains steady pace in July on demand, infra boost
Mumbai, the country's biggest and most expensive property market, remained on firm ground in July, with sustained end-user demand and growing preference for larger, premium homes continuing to shape buying activity. Stable interest levels and ongoing infrastructure upgrades across the city have helped maintain market momentum even after price growth and ready reckoner rates rise that was implemented from April 1. Explore courses from Top Institutes in Please select course: Select a Course Category Digital Marketing Product Management MBA Project Management CXO Data Science MCA PGDM Public Policy Technology Healthcare Management Leadership Data Analytics others Finance Operations Management Others healthcare Data Science Design Thinking Degree Cybersecurity Artificial Intelligence Skills you'll gain: Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Duration: 12 Weeks Indian School of Business Digital Marketing and Analytics Starts on May 14, 2024 Get Details Skills you'll gain: Digital Marketing Strategy Search Engine Optimization (SEO) & Content Marketing Social Media Marketing & Advertising Data Analytics & Measurement Duration: 24 Weeks Indian School of Business Professional Certificate Programme in Digital Marketing Starts on Jun 26, 2024 Get Details The Maximum City registered 12,510 property deals in July, maintaining the momentum witnessed a year ago, while stamp duty collections rose 5.4% to Rs 1,121 crore, showed data from the Inspector General of Registration (IGR), Maharashtra. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cardiologist Reveals: The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo 'Mumbai's residential market continues to show steady buyer confidence, with monthly registrations consistently crossing the 12,000-mark in residential registrations. While there has been some softening in demand for mid-ticket segments, demand for larger homes and properties priced above Rs 5 crore remains strong, supporting healthy revenue collections,' said Shishir Baijal, CMD, Knight Frank India. This marked the tenth consecutive month of registrations staying above the 11,000-mark, a clear indicator of consistent buyer sentiment. On a month-on-month basis property registrations increased by 7% while stamp duty collections increased by 6%. Live Events 'The uptick in housing sales highlights how strongly infrastructure upgrades are influencing buyer sentiment. As metro lines, expressways, a new airport, and civic amenities offering strategic connectivity take shape, homebuyers are growing more confident about investing in emerging corridors. The momentum is also driven by diverse residential and commercial growth supported by infra-led development and emerging communities,' said Anuj Goradia, Director, Dosti Realty. During the January-July period, total registrations rose 5% on-year to 88,570, while stamp duty revenue grew 14% to Rs 7,853 crore, marking the strongest seven-month performance ever on this count. The market continued to be driven by residential demand, with 80% of registrations during the month were for residential properties. The share of high-value transactions continued to grow, with properties priced above Rs 5 crore accounting for 6% of all deals in July, compared to 5% a year ago. The mid-market category of Rs 1 crore to Rs 5 crore saw a slight decline in share, however, the category below Rs 1 crore grew marginally. Apartments up to 1,000 sq ft remained dominant, contributing 82% of all registrations. Within this, the 500–1,000 sq ft segment held steady at 46%, while the 1,000-2,000 sq ft segment rose to 14%. The western and central suburbs continued to drive the market, together accounting for 88% of all registrations. The western suburbs contributed 57%, central suburbs 31%, while South Mumbai's share eased to 6%.
Indian Express
4 days ago
- Business
- Indian Express
Akshay Kumar earns 99% profit by selling two properties for Rs 7.1 crore in Mumbai. Deets inside
Actor Akshay Kumar has sold two adjoining residential properties in Oberoi Sky City project, worth Rs. 7.10 crore in Borivali East, Mumbai, as per property registration documents reviewed by Square Yards and listed on the Inspector General of Registration (IGR). The two transactions were registered in June 2025. In May 2024, Amitabh Bachchan and Abhishek Bachchan have also acquired many properties in Oberoi Sky City. Akshay Kumar's adjoining properties are located in Sky City, developed by Oberoi Realty and cover an area of 25 acres. It is a ready-to-move-in property, offering 3BHK, 3BHK+Studio, and Duplex apartments. Borivali East is known for its green surroundings, improving infrastructure, metro and road connectivity, and access to business hubs such as Goregaon and Malad. According to the IGR documents, the actor purchased both the properties in 2017. The first one was bought for Rs. 3.02 crore and was now valued at Rs. 5.75 crore. Its value has appreciated by 90% ever since. It spans over a carpet area of 1,101 sq. ft. (~102 sq. m.) and has two car parking areas. The transaction includes a stamp duty value of Rs. 34.50 lakh and registration charges of Rs. 30,000. ALSO READ | Akshay Kumar sells two flats in Mumbai for Rs 6.6 crore, makes a profit of over Rs 3 crore The second property was bought by Akshay for Rs. 67.90 lakh in 2017 and has been sold for Rs. 1.35 crore. Therefore, the appreciation rate was 99%. It has a carpet area of 252 sq. ft. (23.45 sq. m.). The transaction involved a stamp duty payment of Rs. 6.75 lakh and registration charges of Rs. 30,000. The 57-year-old has several real estate investments and the latest Borivali East properties got added to the list. In March this year, he sold his apartment in Borivali East, Mumbai, for Rs 4.35 crore, which he bought in 2017 for Rs 2.37 crore, hence making an 84% profit. In April, Akshay sold another commercial property, his office in Mumbai's Lower Parel, for Rs 8 crore, as per the property registration documents accessed by Square Yards. He earned a 65 per cent return on investment. On the work front, Akshay Kumar was last seen in Tarun Mansukhani's Housefull 5. The actor has a lineup of many films, including, Bhooth Bangla, Hera Pheri 3, Welcome To The Jungle, Jolly LLB 3, and Haiwaan.
Economic Times
4 days ago
- Business
- Economic Times
Bollywood actor Akshay Kumar sells two properties in Mumbai's Borivali suburb
Bollywood actor Akshay Kumar has sold two adjoining residential properties in the same residential project for a total of Rs. 7.10 crore in Mumbai's western suburb Borivali first property sold by the actor has a carpet area of 1,101 sq. ft valued at Rs. 5.75 crore. The deal attracted stamp duty payment of Rs. 34.50 lakh and includes two car parking spaces. He had purchased the property in 2017 for Rs. 3.02 second property spread over a carpet area of 252 sq ft was sold for Rs. 1.35 crore. The transaction incurred a stamp duty payment of Rs. 6.75 lakh. The actor had purchased the property in 2017 for Rs. 67.90 lakh, showed the property registration documents reviewed by on the website of the Inspector General of Registration (IGR). Both transactions were registered in June 2025. These properties are in a ready-to-move-in project spread over 35 acres developed by Oberoi Realty. Bollywood actors Amitabh Bachchan and Abhishek Bachchan have also acquired multiple properties in this project in May 2024. Bollywood personalities continue to play an active role in India's property market, frequently opting for premium residential developments in Mumbai and other key metros. From high-end apartments to strategic real estate acquisitions, these investments reflect a blend of lifestyle aspirations and portfolio diversification goals.
New Indian Express
4 days ago
- Business
- New Indian Express
Akshay Kumar's property sale streak continues: 2 Borivali homes sold for ₹7.1 crore
Bollywood actor Akshay Kumar has sold two more properties in Mumbai, adding to his recent streak of real estate transactions. According to property registration documents reviewed by online property portal Square Yards on the Inspector General of Registration (IGR) website, Kumar sold two adjoining residential units in Borivali East for a combined Rs 7.10 crore. The actor has been actively offloading properties in the city over the past few months and raking in big profits. The fresh sale has almost doubled his investment in 8 years. Earlier this year, in April, he sold his Lower Parel office space for Rs 8 crore, following the sale of three residential units in Oberoi Sky City, Borivali, for around Rs 11 crore. In February, Kumar and his wife, Twinkle Khanna, made headlines by selling their luxury apartment in Worli's Oberoi 360 West project for a staggering Rs 80 crore. The new sales of two units in Borivali were registered in June 2025. The properties are adjoining and are located in Sky City, developed by Oberoi Realty and spread across 25 acres. It is a ready-to-move-in residential project offering 3BHK, 3BHK+Studio, and Duplex apartments.
