Yes, heard it right, August 2023 has witnessed the highest home sales in Mumbai in the five months of the Financial year 2023-24.
On August 31, Mumbai home sales stood at 10,902 generating a revenue of ₹810 crore.
This is higher than April, May, June, & July home sales.
In July the home sales stood at 10,221, while the figure was 10,319 in June.
In May, Mumbai had witnessed a mere 9,823 home sales, whereas the number of home sales in the maximum city stood at 10,513 in April.
This comes as a surprise because monsoon aren’t seen as the period when people generally buy homes, but defeating that logic Mumbai made August the highest home sales month in the FY 23-24.
Anuj Puri, Chairman – ANAROCK Group, says, “Properties sized less than 500 sq ft, accounted for an additional 35% of total launches in Apr-Jun 2023, a significant rise from 27% in Apr-Jun 2022. This trend indicates that with the rise in property prices, homebuyers are now again looking for smaller units to manage their overall budget.”
