PERSPECTIVE ON MMR HOUSING SALES DATA FOR AUGUST 2023
The housing sales registrations in the month of August 2023 for the Mumbai Metropolitan Region crossing the 10K mark showcases the confidence amongst the homebuyers of the city towards the residential asset class. The interest of homebuyers in residential real estate is propelled by the dual effect of the need to upgrade to a bigger & better living space and focused impetus on infrastructural developments across the city. Compared to August 2022, these housing registrations have exhibited remarkable growth of over 23%. This surge can be attributed to the growing emphasis on a superior post-COVID lifestyle, with the need for enhanced livability—a key criterion for homebuyers. Anticipated demand during the upcoming festive season is poised to further amplify this trend, setting the stage for an upward trajectory in residential sales in the ensuing months.
Tags : MMR housing sales data Dhaval Ajmera Director Ajmera Realty & Infra India Limited sales registrations homebuyers