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Banke International Properties – India reported gross transaction value of approximately INR 587 crore in Mumbai during the last financial year, registering around 20% year-on-year growth. Residential real estate accounted for nearly 90% of the transactions, led by premium and luxury housing segments. Thane emerged as the top-performing micro-market, followed by Central and Western suburbs, Navi Mumbai and South Mumbai. End-users contributed 70% of the demand, while investors accounted for the remainder. The firm has strengthened its deal pipeline through partnerships with leading developers and is targeting INR 1,000 crore in transactions in the current financial year, alongside exploring plotted development opportunities aligned with Mumbai 3.0.
Banke International Properties – India recorded gross transaction value of approximately INR 587 crore in Mumbai during the previous financial year, marking a year-on-year growth of around 20%, driven primarily by residential real estate activity across key micro-markets. Advertisement
The company indicated that residential properties contributed nearly 90% of its total transaction value, while commercial real estate accounted for the remaining 10%. Within the residential segment, premium housing emerged as a significant contributor, accounting for approximately 40% of transactions, followed by luxury housing at around 20%. The balance demand was driven by mid-segment housing.
Buyer preferences during the period remained concentrated within the INR 1 crore to INR 2 crore ticket size range, with homebuyers increasingly prioritising location, project quality and established developers. The company noted that this shift in buyer behaviour has influenced transaction patterns, particularly in urban markets with established infrastructure and connectivity.
Geographically, Thane accounted for the highest share of transaction value at approximately 35%, reflecting continued demand in the micro-market. This was followed by steady contributions from the Central and Western suburbs of Mumbai, along with Navi Mumbai and South Mumbai.
The company attributed its transaction growth to strategic partnerships with developers such as Lodha, Runwal, Godrej Properties and Paradise Group. These collaborations enabled improved access to inventory, pricing alignment and faster deal closures, contributing to overall transaction volumes.
End-user demand remained the primary driver, accounting for approximately 70% of total transactions, supported by sustained interest from first-time homebuyers. Investor participation contributed the remaining 30%, with a focus on capital appreciation and rental income opportunities.
According to Porush Jhunjhunwala, Founder and Chief Executive Officer of Banke International Properties – India, the company’s approach has centred on building long-term relationships, maintaining advisory-led engagement and ensuring consistent execution. He indicated that the firm remains focused on delivering value to both clients and developer partners while strengthening its operational scale.
The company has also expanded its physical presence with the launch of a new office in Andheri, aimed at accelerating growth in the Western suburbs, particularly across the Bandra to Borivali belt.
Looking ahead, Banke International Properties is targeting gross transaction value of INR 1,000 crore in the current financial year. As part of its expansion strategy, the firm is also evaluating development opportunities, including plotted land projects aligned with the state government’s Mumbai 3.0 initiative, reflecting a gradual move towards participation in development-led activities.
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