Budget Quote From Mr. Sandeep Ahuja, MD, Atmosphere Living

"Although the IGR numbers for November 2024 are lower than those of the previous months, at approximately 9400 registrations generating  a revenue of +825 crore in stampduty , it is essential to note that the ticket size of the projects sold have increased sharply. The average ticket size has increased from around _80lacs in earlier months to around 1.25lacs  this November.".

This trend reflects a growing preference among buyers for larger, premium properties and realizes the evolving demand for space in response to lifestyle needs. Hence, as ticket size increases, it seems that the market is indeed insisting on quality real estate whereas transaction volume might be erratic. This shift underscores a positive long-term outlook for Mumbai's real estate sector as buyers opt for luxury and space in their property choices.

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Budget Reaction Quote From Mr. Sandeep Ahuja, MD, Atmosphere Living

Mr. Sandeep Ahuja, MD, Atmosphere Living

“The Vikisit Bharat theme is playing out well. The government has made strides in promoting a prosperous Bharat that is in harmony with nature, modern infrastructure, and opportunities for all citizens to reach their potential. A cross-sectoral development effort that benefits all strata of society has been a key area of focus in the budget. The emphasis by the FM on connectivity will surely lead to increased infrastructure development. There are several new transportation corridors in all modes that are in development and will be crucial for India's growth and development. They will help in creating new jobs, increase efficiency and competitiveness, and enhance citizens’ quality of life. The rise in average real income by 50% and inflation being moderate indicates a likely rise in purchasing power. Lastly, the boost to Green energy to live up to the Net Zero commitment by 2070, will lead to more options being developed by real estate players for sustainable living offerings as well.”