The festive season has brought a surge in real estate sales in the Mumbai Metropolitan Region (MMR) and Pune, with The Guardians Real Estate Advisory achieving an impressive Rs 1,019 crore in sales. Buyers have been taking advantage of this auspicious period to invest in both luxury and affordable housing, leading to a strong market performance in October 2024.
Property registrations in Mumbai saw a 22% year-on-year increase, with high-value properties priced above Rs 2 crore accounting for 22% of registrations. This highlights the growing demand for premium real estate in the region.
According to industry experts, festivals play a significant role in influencing buying trends in the real estate sector. The festive season has reaffirmed the belief in real estate as a long-term investment, with buyers showing interest in luxury projects with international-quality finishes and bespoke amenities.
The Guardians Real Estate Advisory’s performance during key festive occasions, such as Akshay Tritiya, Dussehra, and Diwali, further emphasizes the strong association between festivals and real estate purchases. The company achieved significant sales figures during these festive periods.
Looking ahead to 2025, the real estate market in MMR and Pune is expected to maintain its positive momentum. Factors such as continued demand for premium projects, strong festival-day sales, and the positioning of MMR and Pune as prime real estate investment hubs are expected to drive growth in the sector.
Overall, the festive season has not only highlighted the enduring appeal of real estate as a secure investment but also showcased the resilience of the MMR and Pune markets. With favorable cultural, economic, and infrastructure factors in play, the real estate sector is well-positioned for sustained growth in the coming year.
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