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According to the data, the housing sales in Mumbai Metropolitan Region that includes Mumbai, Navi Mumbai and Thane saw a 87 per cent growth in sales to 1,09,680 units from 58,560 units last year during 2022.
Vikas Wadhawan, Group CFO, Housing.com, Makaan.com & PropTiger.com, said "Despite the steady climb in home loan interest rates, customers have been interested in locking in lower prices rather than fretting about mortgage interest rates."
New Delhi [India], January 14(ANI/NewsVoir): With the onset of leading a better and healthy life, the need to have spacious homes with a host of amenities has become a must-have across all segments
Get latest articles and stories on Business at LatestLY. New Delhi [India], January 14(ANI/NewsVoir): With the onset of leading a better and healthy life, the need to have spacious homes with a host of amenities has become a must-have across all segments. Premium homes always had an array of amenities, but the demand from affordable homes has become prominent now. No lifts, no security or a simple facade in affordable projects is a thing of the past. Business News | Better Lifestyle Choices Changing the Definition of Affordable Housing.
The government is expected to extend incentives for buying affordable homes priced up to Rs.45 lakh by a year, which will be excellent news for the affordable segment. Demand for the segment will rise as a result of the decision.