The city, home to India's wealthiest individuals and top-tier corporates, contributes a massive $310 billion to India's GDP, marking it as the highest national contributor.
This staggering contribution is propelled by its ever-rising real estate sector.
Year after year, Mumbai's property market has not only sustained but also soared to new heights, and Diwali 2024 has seen it achieve yet another milestone.
Diwali witnessed record-breaking registrations
During the festive season, the property market glowed even brighter.
In October alone, the city witnessed the sale of 11,861 units—an all-time high—marking a 21% increase over the same period last year when 9,736 properties were registered.
This surge generated a phenomenal Rs1,081 crore revenue, a remarkable 52% leap from Diwali 2023's collection of Rs712 crore.
This story is from the November 07, 2024 edition of The Free Press Journal.
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This story is from the November 07, 2024 edition of The Free Press Journal.
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