MMR saw a decrease in sales in Island City by 14% followed by Panvel (4%) and Thane (2%),

By Varun Singh

Mumbai Metropolitan Region (MMR) witnessed a decrease in sales in the Island City. This is what was revealed in a report by Liases Foras.

QoQ
Sales decreased in Island City by 14% followed by Panvel (4%) and Thane (2%),

Sales increased in Western Suburb Extended by 66%, Western Suburb (15%), Central Suburb (14%), Central Suburb Extended
(7%) and New Mumbai (2%)

Unsold stock reduced 6% in New Mumbai

Unsold stock increased in Western Suburb Extended by 8%, Thane by 6%, Island City by 5%, Central Suburb Extended by 4%, Central Suburb by 3% and Western Suburb by 2%.

The overall sales figures in MMR: Source: Liases Foras
The overall sales figures in MMR: Source: Liases Foras

YoY
Unsold stock decreased maximum in New Mumbai (12%)

Maximum gain in unsold stock is in Western Suburb Extended and Central Suburb by 7%.

Unsold stock in MMR
Unsold stock in MMR

Also Read: Residential demand in Mumbai increases 15.2 percent

You May Also Like

शक्ती कपूर ने काही आठवड्यातच मुली श्रध्दा कपूर कडून गिफ्ट मिळालेली प्रॉपर्टी भाड्याने दिली.

शक्ती कपूर याने काही आठवड्यातच बायको आणि मुली कडून मिळालेली ही प्रॉपर्टी…

Lockdown 4.0 looks forward to relaxations & openings

Lockdown 4.0 is here to stay till May 31, 2020. Real Estate…

Elections For Housing Societies Can Be Held

Elections for the cooperative housing societies can be held now, the state…

Mumbai Real Estate Market Surges in 2024: Highest Property Registrations in 13 Years

Mumbai’s real estate market hit a historic high in 2024 with over 1.41 lakh property registrations, marking the highest figure in 13 years. This surge, coupled with a 12% increase in revenue from stamp duty collections, highlights strong demand, especially in the premium housing sector. Despite global economic challenges, Mumbai’s property market remains resilient, with key suburbs driving the growth. Industry leaders attribute this to favorable economic conditions and evolving buyer preferences.