Registration of homes in Mumbai city up 8% to 8,576 units in Oct on demand recovery

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As compared to pre-pandemic October 2019, registrations grew by 48 percent in October 2021.

Commenting on the registration data, Gulam Zia, Senior executive director, Knight Frank India said: "The healthy growth in the residential property registrations volume is a sign of recovering markets. A consistent increase captured in last few months demonstrates the strength of demand in the market as this continued surge in demand is despite the roll back of government's stamp duty demand stimulant."

The continuous growth has led to a new lease of life to the residential markets and developers too are preparing for a stellar festive period this year, he added.

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In Mumbai's primary housing market, Macrotech Developers (Lodha group), Godrej Properties, Oberoi Realty, Hiranandani group, Kalpataru Ltd, Tata Housing, Shapoorji Pallonji, Piramal Realty, Mahindra Lifespace Developers, Rustomjee group and K Raheja group are the major players.