Mumbai witnessed 33,251 MAhaRERA registered housing units receiving OC. These units are from buildings that were registered with MahaRERA.
By Varun Singh
According to CRE Matrix, a real estate research and deep data analytics company, of the active real estate projects in the city of Mumbai, 33,251 housing units have received Occupation Certificate.
The Mumbai housing fact sheet, shows that of these flats, 24,345 housing units have been sold, while 8,906 housing units remain unsold.
Of the total ready to move in units, 24 per cent of 1BHK, 29 per cent of 2 BHK, and 35 per cent of studio units are unsold.
A further dissection of figures reveal that, 85 per cent of the units launched in Mumbai are 1 and 2 BHK.
Also 70 per cent of the units booked in Mumbai are also 1 and 2 BHK.
Of the total units launched by several developers, 50 per cent units launched are 2 BHK. While the figure stands at 35 per cent for 1 BHK.
While 42 per cent of 2 BHK are booked, 28 per cent of the 1 BHK have been booked too.
In the quarter 4 of 2019, the total units launched in Mumbai stood at 3,314, whereas the booked units are 4,552.
The figures for fourth quarter 2018 was launched units were 5,491, whereas booked units were 1,788.
In Mumbai, 52 per cent of housing units sold were in the average ticket size of Rs 50 lakh to Rs 2 crore.
In the fourth quarter of 2019, 735 units sold were priced between Rs 50 lakh to 1 crore, whereas 1,913 units sold were priced between Rs 1-2 crore.
Only 112 apartments sold were priced up to Rs 50 lakh, whereas 1,243 apartments sold were priced between Rs 2-3 crore.
1,655 apartments sold were between 3-5 crore and 1,425 apartments sold were priced above Rs 5 crore.
Every quarter on an average, Mumbai sells approximately Rs 5,000 crore worth of primary residential units.
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