Festive Season Boosts Mumbai & Pune Real Estate to New Heights
The festive season has proven to be a game-changer for Mumbai and Pune's real estate markets, with a surge in buyer activity reflecting renewed confidence in property investments. According to industry reports, The Guardians Real Estate Advisory achieved a record sales turnover of ₹1,019 crore across the Mumbai Metropolitan Region (MMR) and Pune, selling 638 apartments and over 4.23 lakh sq. ft. of carpet area. The festive period, particularly Dussehra and Diwali, saw Mumbai’s property registrations rise by 22% year-on-year in October 2024, with high-value properties priced above ₹2 crore making up 22% of total sales, signaling a growing preference for premium real estate.
This trend is further reinforced by developers emphasizing luxury, bespoke amenities, and international-quality standards. From high-end residences in South Mumbai to affordable housing in emerging areas, buyers are seizing the opportunity to invest during this auspicious season. With ₹515 crore generated on Akshay Tritiya, ₹350 crore during Dussehra, and ₹361 crore in Diwali week alone, the festive boost highlights the sector’s strength and the evolving buyer mindset. As the market gears up for 2025, developers remain optimistic about sustaining this momentum, driven by enhanced infrastructure and increasing demand across both luxury and affordable housing segments.
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