In spite of Covid causing havoc in Mumbai, the real estate market in the city has witnessed a significant pace of recovery. Backed by slashed stamp duty and registration charges, low interest rates and conscious discounts from the developers, the market has done well since the last quarter of 2020. In fact, the first half of 2021 alone witnessed almost 35,000 residential sale transactions in the city, as per data with Square Yards Research. The demand and supply dynamics in the city has largely been in sync during the July-September 2021 quarter. The maximum searches (demand) and supply was noted for properties priced between Rs 1 crore and Rs 3 crore, followed by properties in the price range of Rs 60 lakh-1 crore. The most preferred configuration was one-bedroom apartments.