Mumbai’s property market continues to thrive, with March 2023 recording the highest sale registrations of 12,421 units and highest revenue collection of ₹1,143 crore in the 2022-23 financial year. Nearly 84% of sales were residential, reflecting the strength of the Mumbai property market despite recent interest rate hikes. The central and western suburbs had the highest percentage of property registrations in the sub ₹5 crore properties, while central Mumbai and South Mumbai dominated sales of above ₹5 crore homes. Ultra-luxury apartments witnessed a surge in purchases by high-net-worth individuals.
Record property sales, revenues in March
