Over 200 pct surge in property registrations among Mumbai's elderly post-Covid
Updated On: 30 August, 2024 01:27 PM IST | Mumbai | IANS
In 2023, a total of 22,849 senior citizens registered their property purchases, whereas, in 2024 till July, this number was recorded at 15,276, according to the report by Knight Frank India
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The share of overall property registrations by buyers of aged 61 and above surged 204 per cent in Mumbai, increasing from 7,554 in 2020 to 15,276 in 2024, as elderly buyers sought better properties for a stable lifestyle, a report showed on Friday.
The proportion on registrations in this age group increased from 12 per cent in 2020 to 18 per cent in 2023.
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