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Mumbai: Home sales continue to see steady rise amid festive season

The sale of houses recorded a steady growth in September. According to the state department of registration and stamps, nearly 3,000 houses were sold in the last 13 days in Mumbai. This led to a revenue generation of Rs 228.59 crore. Similarly, over 38,000 houses were sold in the state. This generated a revenue of Rs 667.59 crore.

Realty experts have attributed this upward trend to the pace of the Covid-19 vaccination drive and the festive season. Aditya Kedia, managing director of Transcon Developers, said, “The steady resumption of the country’s financial activity and the pace of the vaccination drive has sparked market traction. This momentum has been further strengthened by constructive government measures, like bank loan interest rates being at an all-time low, great property valuations, and the ongoing festive season. Mumbai’s real estate market has been witnessing a growth in sales. The industry has been anticipating a windfall of registrations in the upcoming quarters.”



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