The Mumbai residential market has maintained its growth momentum in the first half of the year 2023 with Western suburbs leading the sales chart with more than half of the property registrations in the year 2023 so far. It remained the most preferred choice for homebuyers for many reasons and the data released by various real estate consultancy firms is a testimony to this fact.
According to data analysed by Knight Frank India, the western suburbs accounted for 58% of the sales registration in January 2023, 57% in February 2023, 62% in March 2023, 54% in April 2023 and 58% in May 2023. The development that the western suburbs of Mumbai have seen over the last two decades has been commendable in terms of residential growth, physical infrastructure, commercial hubs, and social infrastructure.
https://www.constructionweekonline.in/business/mumbais-western-suburbs-records-55-of-the-new-launches-in-apr-jun-2023
Source : Construction Week online
