|
State Government | Maharashtra - India | PID: 203509
|
Residential transactions in Mumbai's Metropolitan Region (MMR) surged in the September quarter, with 52,745 registrations, marking a 7% year-on-year increase, according to Square Yards data. The total home sales value grew by 10% to ?48,409 crore, pushing the average home sales value to nearly ?1 crore, a 3% rise compared to the same period last year.
Ganesh Devadiga, Sales Director, Square Yards said, “Mumbai MMR has entered the festive season on a strong note, recording over half a lakh residential transactions in the September quarter. Our insights indicate that demand continues to span across all price brackets, with both peripheral and core suburbs demonstrating sustained activity. While the transaction volume registered a 7% year-on-year growth, the total sales value grew by 10%, underscoring the market's sustained appeal to developers. Our outlook for the region remains highly optimistic, as the upcoming festivals, such as Dussehra and Diwali, along with the developer-driven schemes and offers are expected to further bolster buyer sentiment. Additionally, recent infrastructure upgrades and the key ones underway are poised to enhance connectivity and overall livability in Mumbai MMR, providing a strong boost to the region’s real estate sector.”
| Updated on: 11 - Oct - 2024
|
|
|
|