India, July 25 -- A Mumbai homeowner who had rented out his apartment for several years recently sold his 513 sq ft 2BHK in Vile Parle East for Rs.2.19 crore, offering a glimpse into buyer behaviour in one of the city's most sought-after neighbourhoods. The sale, he said, was driven more by the buyer's familiarity with the locality than by competitive bidding or urgency.

Real estate experts say this is typical of self-use resale transactions, where neighbourhood familiarity and emotional comfort often outweigh purely investment-driven considerations. Reflecting on the experience, the Redditor described the current resale market as 'a buyers' market,' with purchasers enjoying stronger negotiating power and sellers needing to price their h...