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Below The Perspective on Mumbai Home Sales Data - July 2023 | Mr. Vinay Rohira, Sales Head - SD Corp

Mumbai’s real estate landscape is undergoing a significant change and is supported by rapid infrastructure boosts such as the MHTL, Coastal road, and Metro project. It has hence renewed interest among homebuyers arising a need to have their own home in the city. This positive sentiment goes along with the per capita income growth, has driven home sales across the city, especially when it comes to luxury housing in emerging micro markets. The proportion of property registrations for properties worth INR 1 crore or more has been steadily increasing over the last few years. This proportion of registrations for properties worth one crore or more has increased from 48% in 2020 to around 57% in 2023. As a result, this momentum will continue, and demand for premium housing will be seen during the upcoming holiday season.

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