Magnificent May for Mumbai Real Estate!
May 2, 2022
The strong momentum in real estate market in Mumbai continued in May as well with both the rental and the sale transactions hitting a peak.
The persistent strength over the past few months has started reflecting in the nature of negotiations with developers, the reduction in availability of supply as well as pricing for both the primary and secondary sales market as well as rental values which jumped up from the rentals seen during pre-covid times.
While there were apprehensions on the continuity of the momentum, the numbers for the first 2 months of the financial year should allay these concerns. The month saw 26,912 rental transactions and 9,839 sale transactions which means that the city saw its best May in a decade.