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Mumbai’s Property Sales Decline By Over 6% Year-On-Year

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Year-on-year biannual data of property registrations done in Mumbai shows a 6.39% decline. In 2022, between January and June, a total of 66,760 agreements for sale were registered with the Department of Registration and Stamps. On the other hand, during the first six months of 2023, which is up to June 30, 62,492 agreements for sale were registered.

In June 2023, a total of 10,319 property sale agreements were registered, as per data available from the state government. The previous June, 9,919 agreements for sale were registered in Mumbai.

Brokers, and consultants remain upbeat

Despite the decline in property registrations, real estate consultants and brokerage firms continue to be upbeat. They have been terming the recent sale of properties as a “bull run” of sorts and it being at an all-time high. However, a look at the 2023 property registration data shows a contradicting picture.

“Those who are into marketing and sale of properties will always try to portray a rosy picture of the industry, because their agenda is simple – to push more sales for their company to maintain a growth trajectory,” said an industry player in confidence.

“If the market is too buoyant and the demand as projected by the real estate consultancy firms, why for years is there stagnancy in the property prices?” questioned the same individual.

“Price of a product or service is directly dependent on the interaction between demand and supply. With such a heightened demand, the property prices should have increased month-on-month, but that is not the case despite the inflationary pressures that the Reserve Bank of India’s Governor himself has been categorically pointing out, repeatedly.”

Inflation, increase in home loan interest rates have hit market

Overall, in the recent past, the real estate market has witnessed a few headwinds impacting the sale such as inflationary pressure, increase in home loan interest rates, higher stamp duty rate, layoffs, etc.

At every repo rate or interest rate hike announced by the RBI, it is widely known that the real estate industry stalwarts have been presenting itself as upset and coming up with statements that it will impact property sales. Yet, within a few days, they contradict their own statements by mentioning the sales continue to be robust and at an all-time high.

Maharashtra

Mumbai Horror: 10-Year-Old Girl Sexually Assaulted and Video Recorded; Mother’s Boyfriend and Girlfriend Arrested Under POCSO

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Mumbai, June 23, 2025 — In a shocking and tragic incident, a 10-year-old girl was sexually assaulted with a screwdriver, and the horrific crime was recorded on video, police sources revealed. The suspects, believed to be the girl’s mother’s boyfriend and his girlfriend, have been arrested under the Protection of Children from Sexual Offences (POCSO) Act.

The incident came to light after the child’s family reported the abuse, prompting an investigation by Mumbai police. Authorities launched a raid and apprehended the accused, who are now in custody. The police have also recovered the video evidence, which has been handed over to forensic experts for forensic analysis.

According to police officials, the girl was subjected to sexual assault at a residential property in the city. The accused reportedly drugged and assaulted her, recording the act maliciously. The child’s family expressed their shock and distress over the incident, emphasizing the need for stringent measures to protect vulnerable children from such heinous crimes.

The police have registered a case under multiple sections of the POCSO Act, including those related to sexual assault and recording videos of minors without consent. Further investigations are ongoing, and authorities have assured strict action against the accused.

This distressing case highlights the urgent need for awareness, vigilance, and protective measures for children in Mumbai and across India. Child rights organizations have called for enhanced safety protocols and emphasized the importance of reporting abuse immediately.

Mumbai police have urged the public to remain alert and report any suspicious activity involving minors to prevent such tragedies in the future.

Mumbai Press remains committed to reporting on this case as it develops and advocating for the safety and rights of children everywhere.

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Maharashtra

Mumbai Police arrests 38 wanted accused

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crime

Mumbai: Mumbai Police has intensified its action against criminal elements. Between June 11 and June 20, the police claimed to have arrested 38 most wanted accused during a special operation in Zone 4 of Mumbai. These accused had several serious crimes registered against them, including 34 assault and harassment, 13 property and 9 other crimes.

This operation was conducted under the leadership of Mumbai Police Commissioner Deven Bharti. DCP Ragasudha said that the police were looking for many accused and the police had started searching for them. Under this, this operation was conducted and the police has also prepared a list of criminals who are wanted in many cases.

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Maharashtra

Salutations to the Iranian leader Ayatollah Khomeini: Abu Asim Azmi

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abu aasim aazmi

Mumbai: Mumbai Maharashtra Samajwadi Party leader and MLA Abu Asim Azmi said that late BJP Prime Minister Atal Bihari Vajpayee had supported the independence of Palestine and opposed the oppression and atrocities on it, but today the country is pro-Israel. He supported Iran on the situation of war between Israel and Iran and prayed for Iran and said that Allah should give it success in the field of working against oppression. This is what I pray for. Saluting the courage and support of Iranian religious leader and leader Ayatollah Khomeini, Abu Asim Azmi said that Iran stands against oppression, so we pray for it. Azmi said that just as Indian citizens have been brought to India from Iran, in the same way the Indian victims of war in Israel should also be brought back to their homeland. Azmi also welcomed the Karnataka government’s decision to give 15 per cent reservation to Muslims in housing societies and said that if 15 per cent reservation is given in housing societies, there is nothing wrong in it. Here everyone has the right and privilege of equal justice.

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