Strong demand outlook to benefit Mumbai-based real estate players

The outlook for Mumbai-based real estate players remains strong given the launch pipeline and demand outlook reflected in the registration data for December. The city recorded its highest-ever registrations for December at 12,418 units which was 1 per cent higher year-on-year (Y-o-Y).

 

For the nine-month period (April to December 2024), 1.04 lakh units were registered. This was 9 per cent more on a Y-o-Y basis and was valued at Rs 1.56 trillion. Larger-listed players such as Macrotech Developers (Lodha), Oberoi Realty, and Godrej Properties, among others, are expected to gain market share and improve realisations, given the launch portfolio, superior