The Guardians Real Estate Advisory achieved remarkable sales this Diwali, selling 243 units covering 1.60 lakh sq. ft. across Mumbai and Pune, with a turnover exceeding INR 361 crore. Units were sold across SOBO, Central & Thane, Western, KDMC & Navi Mumbai, and Pune, underscoring the festive season's influence on real estate. This follows record sales during Akshay Tritiya and Dussehra, marking Diwali as another key sales period. Market trends show high buyer confidence, driven by low financing rates and infrastructure growth. Director Ram Naik noted that Diwali buyers aim for stability and prosperity. The Guardians' success reinforces Mumbai's prominence as a prime investment location.
The Guardians Real Estate Advisory has marked a significant milestone this Diwali week, selling 243 units with a total carpet area of 1.60 lakh sq. ft. across Mumbai Metropolitan Region (MMR) and Pune. The sales turnover exceeded INR 361 crore, highlighting the festive season's growing impact on the real estate market and the resilience in both the residential and commercial segments. The units were sold across various locations, including 38 in SOBO, 58 in Central & Thane, 46 in the Western region, 85 in Kalyan Dombivli Municipal Corporation (KDMC) & Navi Mumbai, and 16 in Pune.
Traditionally, Diwali has been a time for purchasing gold, but in recent years, real estate has become a preferred investment choice. The Guardians' stellar performance during this festive period adds to this shift, following previous sales of INR 515 crore on Akshay Tritiya and INR 350 crore during Dussehra. These transactions clearly highlight the growing importance of auspicious days for real estate purchases.
Recent reports indicate that residential sales in Mumbai surpassed 24,000 units in Q3 2024, marking a 9% year-on-year growth. The city also saw 105,000 property registrations in the first nine months of 2024, a 12% increase over the previous year, reflecting strong buyer confidence. Factors such as low financing rates, significant infrastructure development, and rising demand from Non-Resident Indians (NRIs) are fueling this growth.
Mr. Ram Naik, Director and Co-founder of The Guardians Real Estate Advisory, said, "Real estate is no longer just an asset class; it has become a symbol of stability and long-term prosperity. Buyers are increasingly making purchases during the holiday season not just for emotional reasons but also with a strategic financial outlook. This Diwali, the buyer profile is a combination of end users and investors who are more informed, selective, and thoughtful about their purchases. It's not just about buying a home; it's about securing a future."
As the real estate market continues to thrive, The Guardians remain optimistic about the future. This latest achievement further solidifies the MMR's position as a prime destination for real estate investments, even amidst changing economic conditions. The success of Diwali sales is not only a financial milestone but also a sign of the property market's long-term stability and continued appeal to both homebuyers and investors.
Guardians Real Estate Advisory is India's leading advisory firm, dedicated to solving complex client challenges with innovative and sustainable solutions. Since its founding in 2016, the company has been driven by excellence and a commitment to delivering real value across the real estate value chain. With operations in Mumbai, Pune, and Dubai, The Guardians provide a wide range of services, including project management, transactions, product development, brand communication, sales and distribution, marketing, launches, customer relationship management, and more.
In conclusion, this Diwali's exceptional sales performance highlights the resilience and growth of Mumbai and Pune's real estate markets. The growing investor confidence and strategic purchasing trends signal a prosperous future for the industry, making these cities a prime choice for homebuyers and investors alike.
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