Guardians Real Estate hits Rs. 1000 crore Sales Turn over in MMR

The Guardians Real Estate Advisory has recorded an impressive sales turnover of Rs. 1,019 crore in the Mumbai Metropolitan Region (MMR) and Pune during the festive season. This timeframe has greatly enhanced the real estate market in both Mumbai and Pune, as industry statistics and sales data indicate a notable increase in buyer activity across the region.

The company sold 638 apartments covering over 4.23 lakh sq. ft. of space which indicates a rise in demand for properties during this time. In Mumbai the number of property registrations in October 2024 was 22% higher than last year reaching 12,960 units compared to 10,607 in October 2023.

Additionally, sales of high-value properties (over Rs. 2 crore) in Mumbai grew with 2,876 units sold making up 22% of all property registrations. This is up from 18% last year showing that more buyers are investing in premium properties further strengthening Mumbai’s position as a top real estate market.

Ram Naik, Co-Founder and Director of The Guardians Real Estate Advisory, emphasized the cultural importance of festivals for Indian consumers, noting that this year has highlighted the strong link between these celebrations and significant purchases. This pattern further enhances the status of Mumbai and Pune as vital centers for both residential and commercial growth.

The 2024 sales figures from Guardians Real Estate Advisory highlight a significant trend in the market. The firm recorded a sales turnover of Rs. 515 crore on Akshay Tritiya, followed by Rs. 350 crore during Dussehra and Rs. 361 crore in the week of Diwali. These numbers indicate a steady rise in transactions on auspicious occasions, drawing in committed buyers. With a total festive season turnover of Rs. 1,019 crore, these results demonstrate strong buyer confidence in the enduring value of real estate investments during this time.