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Mumbai Real Estate: Festivities reflect in registrations

Post several months of slackness, Mumbai registration data sprung up a positive surprise, with a sharp 42% MoM growth reflecting the impact of festive season bookings post an extremely dull period of real estate activity.

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By Prabhudas Lilladher

Points highlighted in the detailed report are;

- Sales registrations up sharply, 42% MoM reflecting the festive season spurt

- Suburban Mumbai major contributor as city sales decline

- Strong leasing at lower price points, increase 47% MoM

- Indications of a softer interest rate regime props sentiment