Properties to Buy and Rent In Mumbai

A day after halting construction activities in Byculla and Borivali East, the Brihanmumbai Municipal Corporation (BMC) intensified its crackdown by issuing stop-work notices to 78 construction sites on Tuesday. The decision comes in response to a period of unusually dense haze in the city, accompanied by elevated Air Quality Index (AQI) levels.

The Mumbai real estate market closed 2024 on a high note, setting new records in property registrations and revenue generation. According to data from the Inspector General of Registration and Controller of Stamps of Maharashtra, the city registered 1,41,202 properties, an 11% increase compared to 1,26,937 properties in 2023. This surge has positioned Mumbai as a key driver of Maharashtra’s economic growth.

Mumbai, the financial capital of India, continues to uphold its reputation as the costliest and most land-starved real estate market. Despite the challenges, 2024 witnessed five monumental land deals collectively worth over ₹2,500 crore. These transactions highlight the growing confidence and investment in Mumbai's prime real estate. Let’s dive into the details of these landmark deals.

The year 2024 has marked a significant milestone for India’s ultra-luxury real estate sector, with Mumbai emerging as the epicenter of this high-value market. According to data from the renowned real estate consultancy firm Anarock, ultra-luxury home sales in India have reached a staggering Rs 2,443 crore in just the first eight months of the year, with Mumbai leading the charge.

Television host and actor Manish Paul has leased a 1,200 sq. ft. commercial property in Mumbai's Andheri West area for ₹2 lakh per month. The office is located in Morya Grand, a ready-to-move project developed by Nakta Investment Pvt Ltd, spanning 0.69 acres.