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Home Sales In Mumbai Jump To Highest In 4 Years

Home Sales In Mumbai Jump To Highest In 4 Years

The government last month announced a Rs 250 billion fund to revive residential projects

Home sales in Mumbai jumped to the highest in four years as property developers switched focus to building cheaper apartments, according to Anarock Property Consultants.ADVERTISING

Sales in Mumbai rose 22 per cent in 2019 even though a persistent credit crunch and economic slowdown curtailed recovery in India’s housing sales across top seven cities.

Macrotech Developers, a Trump Tower developer in Mumbai, to Godrej Properties, controlled by billionaire Adi Godrej’s family, are building more low-cost homes as the credit squeeze crimps demand for posh properties. New home starts rose 21 per cent across seven of India’s biggest cities led by affordable flats, highlighting pent up demand in the segment.