The festive season for real estate purchases in the Mumbai Metropolitan Region (MMR) begins with Ganeshotsav, continuing during Navratri-Dussehra, and moving forward into a higher gear during Diwali and the New Year. This trend was witnessed during 2024 and is going strong according to industry analysts and real estate association office bearers.
According to Prashant Sharma, President, NAREDCO Maharashtra, "The remarkable growth in property registrations during Navratri 2024 underscores the resilience of Mumbai's real estate sector and the buyer confidence that continues to drive market momentum. Festive periods, especially Navratri and Diwali, have always held significance for homebuyers, and the data reflects that the demand for both residential and commercial properties is stronger than ever. With strategic policy support and evolving buyer preferences, we are optimistic about sustained growth in the upcoming quarters."
This story is from the October 27, 2024 edition of The Free Press Journal.
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This story is from the October 27, 2024 edition of The Free Press Journal.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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