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Mumbai, Pune see residential property sales pick-up following lockdown

The highest traction in sales was observed in properties priced between Rs 50 lakh and Rs 1 crore in Mumbai

Topics
Real Estate  | Residential property market

Raghavendra Kamath 

RERA
Primary sales also made a strong comeback in the two cities.

Mumbai and Pune, two of the country’s key residential property markets, witnessed a revival in residential sales in September this year, following a washout in April and May after the lockdown was imposed following the outbreak of Covid-19. Primary sales also made a strong comeback in the two cities.

The highest traction in sales was observed in properties priced between Rs 50 lakh and Rs 1 crore in Mumbai, and those priced between Rs 25 lakh and Rs 50 lakh in Pune, according to a recent report by CRE MATRIX, a data analystics company.

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First Published: Wed, November 04 2020. 22:28 IST
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