Homebuyers consider ownership important for long term stability. Strong bookings for listed developers continued in Q4. Favourable sales trends remained intact given affordability in the housing market. There were situations like emergency rate hikes which can be a concern for the homebuyers but the sentiment to buy a home remains intact.
Mumbai housing sales are on the rise as we saw the best sales in May in the last 10 years. As many as 9,523 units of property sales were registered in Mumbai a 78% jump on a Year-on-Year basis. The sales contributed over Rs. 709 Crore to the state revenues making it remarkable in the eyes of the government as well.
Source – Times Now News
