Sales of luxury housing units priced over Rs 10 crore in Mumbai jumped more than two-fold during 2021 at Rs 20,255 crore, on the back of low interest rates on home loans and increased demand for bigger flats, according to a joint report by India Sotheby's International Realty and CRE Matrix.
Owing to the robust policies of the government and an expansive roll out of vaccinations across the country along with consumers understanding the importance of owning a home, the industry has witnessed an improved buyer sentiment.