Mumbai Real Estate Sales Data- May 2023

🎯🎯𝗔 𝗻𝗲𝘄 𝗕𝗮𝘀𝗲 𝘀𝗲𝗲𝗺𝘀 𝘁𝗼 𝗯𝗲 𝘀𝗲𝘁 𝗳𝗼𝗿 𝗠𝘂𝗺𝗯𝗮𝗶 𝗥𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲 𝗺𝗮𝗿𝗸𝗲𝘁.

The monthly sales number for Mumbai were at 9,823 UNITS for May 2023 [flat compared to units sold in May 2022]. However, one should watch out for a key shift in the baseline number which could be reflective of a longer-term trend.

Mumbai sales number have been consistently above 8,000 monthly units since start of January 2022 [15 MONTHS on a trot 🔥🔥].

Monthly sales of 8,000 + units has been achieved in 𝐨𝐧𝐥𝐲 𝟑 𝐦𝐨𝐧𝐭𝐡𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐩𝐫𝐞𝐯𝐢𝐨𝐮𝐬 𝟗 𝐲𝐞𝐚𝐫𝐬!!. However, the recent history suggests that this may turn out to be a new base number for sales.

Meanwhile, a look at the stock performance of the top Mumbai based listed developers in the last 5 years shows a similar story of robust activity in the Mumbai Real Estate sector:

𝗦𝘁𝗼𝗰𝗸 𝗽𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 𝗼𝘃𝗲𝗿 𝗹𝗮𝘀𝘁 𝟱 𝘆𝗲𝗮𝗿𝘀
🎯Godrej Properties +𝟴𝟴%
🎯Macrotech [Lodha developers] +𝟭𝟯𝟭% [listed in 2021]
🎯Oberoi Realty +𝟵𝟭%