In terms of volume, 1,214 units of luxury housing properties were sold in the city during 2021 as compared to 548 units in 2020, according to India Sotheby’s International Realty report
Luxury residential properties in Mumbai saw sales worth Rs 20,255 crore in 2021. The increase over 2020 was driven by various factors—rising consumer demand for bigger homes with better amenities, low mortgage rates, discounts offered by builders and incentives by way of waiver in stamp duty given by Maharashtra government—according to a joint report by India Sotheby’s International Realty and deep analytics platform CRE Matrix.
Source: Outlook India
