Mumbai witnesses highest value of registered properties in last 5 years

Since the pandemic induced lockdown, there has been a surge in sale and purchase of property. Mumbai Municipal Region (MMR) witnessed its highest property buying activity in the past five years, according to a research report by property consultant PropEquity.

As per the report, total registered value of residential properties in Mumbai clocked in at Rs 89,039 crore in the first half of the current calendar year (2022), with an average quarterly value of Rs 44,520 crore.

There were 66,762 total registrations of houses in the first half of the current calendar year, with average quarterly numbers at 33,381. This