Tag: Shishir Baijal

Latest StoriesResidential

Mumbai property registrations rise 20% in November to 12,219

NEW DELHI: According to Knight Frank, property registrations in the Mumbai region surged by 20% in November, reaching 12,219 units. This marks an increase from 10,216 units registered in November of the previous year. Real estate consultant Knight Frank India, citing Maharashtra government data, reported that within the area governed by the BMC, Mumbai saw 12,219 property registrations this November—an impressive 20% year-on-year increase. This is the highest November registration figure since 2013. Stamp duty collections also rose to Rs 1,038 crore, up 12% from last year. Residential transactions dominated the market, making up around 80% of the total registrations…

Latest StoriesResidential

Mumbai’s Redevelopment Will Create 44,000 New Homes: Report

NEW DELHI: A report by Knight Frank India states that by 2030, Mumbai’s current redevelopment initiatives (MCGM) are set to deliver 44,277 new homes, amounting to ₹1,305 billion. The report reveals that since 2020, a total of 910 housing societies have entered into development agreements (DAs), unlocking approximately 326.8 acres (1.32 million sq. meters) of potential land based on FSI utilization norms. Notably, around 160,000 societies are over 30 years old and eligible for redevelopment. In the Western Suburbs, areas with high population density from Bandra to Borivali are expected to contribute 32,354 new homes, representing 73% of the total…

Latest StoriesResidential

Over 87K Homes Sold in Q3 2025: Report

NEW DELHI: According to a report by Knight Frank India, the eight leading residential markets sustained their sales momentum, with 87,603 housing units sold in Q3 2025. Despite predictions of a market correction, residential sales saw a 1% year-on-year increase in Q3 2025, with year-to-date (YTD) figures slightly down by 1%. The sales momentum was supported by a rise in prices across all markets for Q3 2025, even though the supply of new units recorded a 2% decrease from the previous year, totaling 88,655 units. The macroeconomic conditions were stable, with inflation decreasing to 2.07% in August 2025, down from…

CommercialLatest Stories

India’s Office Space Hits 1 Billion Sq Ft in Q3 2025

NEW DELHI: The gross leasing activity in India’s office market reached 66.7 million sq ft in the first nine months of 2025, marking a 24% increase compared to the previous year, according to Knight Frank India, a real estate consultancy firm. In the third quarter of 2025 (July–September), total transactions across the top eight cities amounted to 17.8 million sq ft, reflecting a 6% year-on-year decline due to prior high performance. India achieves 1 billion sq ft office stock milestone New completions for Q3 stood at 12.4 million sq ft, falling short of demand and resulting in a decrease in…