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Perspective on Mumbai Home Sales Data - June 2023 By Dhaval Ajmera, Director of Ajmera & Infra India Ltd

‘The residential sales boom in Mumbai is a moment to rejoice as the housing demand is on a slow-but-steady upward trajectory, projecting a great performance in the long run. The decadal-high H1 revenue generation strongly indicates robust demand. The sector is banking on the evolving homebuyers’ need for better-quality homes in tandem with a bunch of growth propellers, including the strengthening of new micro-markets, infrastructural upliftment and rise of redevelopment as a trend along with relaxation in rate hikes.

Collectively, these factors are going to redefine the dynamics of housing demand in the Mumbai MMR Regions. Overall, we foresee the sentiment gaining sustained momentum for the next 5 years as the city’s skyline goes under a massive facelift.'

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