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Home sales in Mumbai has increased

The real estate market in Mumbai has been affected badly during the slowdown.

But in the first three months the sale of apartments has gained momentum in Mumbai real estate market.

The registration department has recorded a 37% increase in the sale of residential apartments in the month of March.

The rental properties also see the growth in the Mumbai market. The lease rentals has increased 5% than march, 2011.

The rise in the property market is an outcome of the new launches by the builders who had been holding back several projects earlier.

Cost of properties also increased by 10-20% in march quarter.

More related stories:

Property prices might increase

Rental apartments in Mumbai will be more costly

Source : Live mint

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