Mumbai records luxury housing sales worth Rs 12,300 cr in January-June

The luxury housing market in Mumbai is experiencing significant growth, driven by a surge in sales of properties priced at Rs 10 crore and above. Sales in the first half of 2024 reached a record high of Rs 12,300 crore, marking an 8% increase compared to previous periods. Factors contributing to this trend include rising disposable incomes, favorable government policies, and strong interest from both domestic and international investors.