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

Interest rate hike to dent homebuying rally in short run

By Dr. Niranjan Hiranandani is Vice Chairperson NAREDCO and MD Hiranandani Group…

No Possession Date in Agreement? MahaRERA Rules: Builder Must Deliver in 3 Years

In a key ruling, MahaRERA held that even when an Agreement for Sale is silent on the possession date, the builder must hand over the flat within a reasonable period of three years from the agreement date — failing which, interest is payable for the delay period. The order in the Mauli Omkar project case awarded interest from March 2019 to April 2023 to complainant Sabirali Tufhel Shaikh.

Housing Sales Value to Cross INR 4.5 Lakh Cr in 2023, From INR 3.27 Lakh Cr in 2022

Homes worth INR 3.49 Lakh Cr. already sold across the top 7…

The Guardians Real Estate Advisory reports a combined sales turnover of Rs 6k crore

When it comes to financial planning, investments play a critical role in…