Mumbai leads housing market recovery in Q1; new launches rise 33%

The latest data from Knight Frank shows that property registration in the largest market - Mumbai Metropolitan Region - hit a decadal high in July

Lockdowns and travel curbs may have hit the residential real estate market in April and May, but the market showed signs of life as soon as the restrictions were relaxed. While the overall sales in major markets dipped in the April-June quarter, the total offtake grew handsomely over last year.
 
Led by two prominent markets —Mumbai and Bengaluru — that were hit hard during the second Covid wave, the country’s housing market is charting its course to recovery. The latest data from Knight Frank shows that property registration in the largest market - Mumbai Metropolitan Region (MMR) - hit