The real estate market in Mumbai continues its strong momentum in the month of April with both the rental and the sale transactions hitting a peak for the month of April.
The month saw 27,280 rental transactions and 11,744 saw transactions which means that the city saw its best April in almost a decade.
The Rental segment continues to surge backed by: 1. Increasing trend towards limiting “Work from Home” as well as 2. Strong hiring led by startups
The strength in Residential Sales segment is reflective of a multitude of factors including: 1. Low interest rates 2. Pent up demand resulting from weakness in sector for past several years, 3. General wealth creation in the country and 4. Growing demand for larger houses.