Jubilant June for Mumbai Real Estate!
July 7, 2022
A robust June month wraps an exceedingly strong quarter [Apr-June] for the Mumbai Real estate Sector!
> Sale transactions in the Apr-June quarter were 35% higher as compared to the same quarter last year.
> Rental transaction was 94% higher in Apr-June quarter as opposed to the same quarter last year
> The shift back to Work-from-office has resulted in significant jump in demand for rental homes.
> The sharp rise in rental demand has resulted in rents rising by 10-20% across most gated communities given shortage of supply.
> We expect the numbers to taper off a bit in the ongoing quarter given the onset of monsoons.