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.
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