Residential realty has been performing well in MMR, as we have observed basis our multiple projects in the region over the recent past. Festive times always lead to a positive consumer sentiment and coupled with promotional offers by developers, an upswing in demand is generally witnessed.
It also signifies that real estate continues to be viewed as a favourable asset class. The ongoing infrastructural projects across Mumbai which will boost connectivity multi-fold, have made the market even more bullish.
The response we have been receiving for our residential projects in the eastern suburbs and Dombivli has been extremely encouraging. The prices at these projects have appreciated significantly which also serves to be an encouraging factor for the home buyer as well as the investors.
The demand outlook is built on strong fundamentals and will continue even beyond the festive season, for good projects and developers.”
