<p>Registration of homes in the Mumbai municipal region fell 4 per cent year-on-year to 9,805 units in February this year, according to a property consultant.</p>.<p>As many as 10,172 units were registered in the same month last year.</p>.<p>However, homes registrations in February rose 20 per cent from 8,155 units in the previous month.</p>.<p>Knight Frank India said in a statement that Mumbai city (MCGM area) witnessed a total property sale registration of 9,805 units in February 2022.</p>.<p><strong>Also Read: <a href="https://www.deccanherald.com/specials/insight/housing-for-all-who-is-left-behind-1085506.html" target="_blank">Housing for all: Who is left behind?</a></strong></p>.<p>The data includes the registration of homes purchased in primary and secondary (re-sale) markets.</p>.<p>Knight Frank India Chairman and Managing Director Shishir Baijal said: "As we expected, the Mumbai property market has regained its sales momentum based on the continuous demand the city has been witnessing".</p>.<p>The buyers continue to feel empowered to make their purchases backed by lower interest rates and price discounts, he added.</p>.<p>"The end–users do not want to lose out on the opportunity to make their purchase at the right time," Baijal said.</p>.<p>Given that buyer conducive conditions have now lasted for over a year, he said there is a sense that very soon developers may reduce or stop providing attractive offers.</p>.<p>"Interest rates may also rise if the RBI raises the Repo rate to control inflation," he noted.</p>.<p>Macrotech Developers (Lodha group), Godrej Properties, Oberoi Realty, Hiranandani group, Kalpataru Ltd, Tata Housing, Shapoorji Pallonji, Piramal Realty, Mahindra Lifespace Developers, Rustomjee group and K Raheja group are the major players in Mumbai's primary housing market.</p>.<p><strong>Watch the latest DH Videos here:</strong></p>
<p>Registration of homes in the Mumbai municipal region fell 4 per cent year-on-year to 9,805 units in February this year, according to a property consultant.</p>.<p>As many as 10,172 units were registered in the same month last year.</p>.<p>However, homes registrations in February rose 20 per cent from 8,155 units in the previous month.</p>.<p>Knight Frank India said in a statement that Mumbai city (MCGM area) witnessed a total property sale registration of 9,805 units in February 2022.</p>.<p><strong>Also Read: <a href="https://www.deccanherald.com/specials/insight/housing-for-all-who-is-left-behind-1085506.html" target="_blank">Housing for all: Who is left behind?</a></strong></p>.<p>The data includes the registration of homes purchased in primary and secondary (re-sale) markets.</p>.<p>Knight Frank India Chairman and Managing Director Shishir Baijal said: "As we expected, the Mumbai property market has regained its sales momentum based on the continuous demand the city has been witnessing".</p>.<p>The buyers continue to feel empowered to make their purchases backed by lower interest rates and price discounts, he added.</p>.<p>"The end–users do not want to lose out on the opportunity to make their purchase at the right time," Baijal said.</p>.<p>Given that buyer conducive conditions have now lasted for over a year, he said there is a sense that very soon developers may reduce or stop providing attractive offers.</p>.<p>"Interest rates may also rise if the RBI raises the Repo rate to control inflation," he noted.</p>.<p>Macrotech Developers (Lodha group), Godrej Properties, Oberoi Realty, Hiranandani group, Kalpataru Ltd, Tata Housing, Shapoorji Pallonji, Piramal Realty, Mahindra Lifespace Developers, Rustomjee group and K Raheja group are the major players in Mumbai's primary housing market.</p>.<p><strong>Watch the latest DH Videos here:</strong></p>