Two Mumbai-based developers Lodha Group and Peninsula Land Ltd said they are seeing good sales in the residential real estate segment indicating green shoots in the Mumbai Metropolitan Region (MMR) market.
While Lodha said it had clocked sales of ₹800 crore in February, Peninsula said it had managed to sell 75 flats for ₹300 crore.
Lodha Group witnessed strong customer response to its new launches at World Towers (Codename Trinity) and Palava (Central Park), which were the largest contributors to overall sales. The company sold over 850 units in the month of February alone across price points ranging from ₹40 lakh to ₹10 crore and across projects from mass to luxury housing.
Over 6,000 customers visited various project sites — highest ever footfalls as compared to other months of the current financial year.
Prashant Bindal, Chief Sales Officer (CSO), Lodha Group, said, “We are overwhelmed with the kind of customer response we have seen in February, especially when there have been contradictory theories about the economy and real estate sector’s performance.”
Peninsula Land Ltd said it had witnessed total sales of ₹300 crore during its two-day sales period.
Nandan Piramal, Director, Marketing & Sales, Peninsula Land Ltd, said, “Our sales strategy was focused on not only showcasing our actual show flat but also rewarding those buyers who have shown keen interest in the property. Sewri has been developing rapidly and we are proud to have an exceptional offering for our customers.”