Mumbai realty robust despite dip in flat sale in Feb

Mumbai's real estate market continues to be robust despite a minor blip in February when flat sales clocked a 2.40% decline, a leading industry body said.

The city reported a marginal decline in flat registrations at 16,341 in February as against 16,743 registrations in the year-ago period, data from the Maharashtra Chamber of Housing Industry (MCHI) showed.
"There has been no sharp decline in Mumbai's real estate market--there has only been a marginal decline in sales figures of residential apartments," MCHI said in a statement here.
The decline in flat sales in the first two months of this year is a small dip and not severe, MCHI's President Sunil Mantri said.