Mumbai real estate market gets boost from Akshay Tritiya

The festival of Akshay Tritiya in April 2018 enabled some good gains for the real estate sector in Mumbai. The realty sector in Mumbai witnessed higher sales volumes which were a boost as compared to lower sales volumes seen over previous months. This year, real estate developers reduced the prices of their residential properties in order to attract customers.

Several well-known developers such as Marathon, Haware and Raunak Group witnessed positive buyer responses in this regard. According to industry experts, sales volumes have bounced back in the city and also its outskirts. Sales of homes are happening again due to several factors such as lowered real estate prices, home configuration adjustment facilities and of course, easy financing schemes. Akshay Tritiya was a highly auspicious day and many people chose to purchase their new homes on this occasion as per studies.

Haware Properties has already launched its premium Haware Intelligentia project at Vikhroli which is reportedly the first automated housing venture in the country. This project got positive responses from homebuyers on account of sensible pricing and multiple amenities available here. 1 BHK apartments at this project were priced at Rs. 1.16 crore while 2 BHK apartments came at Rs. 1.81 crore. Marathon Group has already launched Eminence in Mulund and witnessed positive demand from homebuyers for 1 and 2 BHK apartments which sold from Rs. 95 lakh onwards.

According to industry experts, this Akshay Tritiya, the buyer responses were highly positive indeed. Buyers have now realized that Mumbai realty prices are slowly correcting and that the market is much more stable than before. They are also picking up attractive realty deals in the process as per experts. There are several projects located on the outskirts of Mumbai where properties priced above Rs. 30 lakh are finding many takers as well.