Most of the home buyers were inclined towards mid-segment housing in Mumbai in the price range of Rs 1 to 2 crore. The sales of residential property in Mumbai in 2022 were the highest in the last five years, data released on Tuesday by real estate analytics firm PropEquity showed. With 51,390 homes sold in 2022, the sales were 37 per cent higher than in 2021
RBI has raised the key benchmark interest rate, the repo rate, by a cumulative 250 basis points, making home loans costlier. But it does not affect sales in Mumbai. The data showed that the sales were the highest in the western suburban region of Mumbai. “This reflects the growing confidence of homebuyers in the city’s economic potential and underscores the city’s status as a prime destination for real estate investment,”
https://www.business-standard.com/industry/news/sale-of-residential-property-in-mumbai-touches-a-five-year-high-in-2022-123032800338_1.html
Source: Business Standard
