MMR Housing Market Overview: Q3 2024 Shows Mixed Trends in Launches and Sales

The Q3 2024 housing market overview for the Mumbai Metropolitan Region (MMR) reveals significant declines in both new launches and sales, with approximately 29,600 units launched—an 18% year-over-year decrease. Despite a challenging environment, affordable and mid-range segments continue to attract buyer interest, highlighting evolving trends in the region’s real estate landscape.

B-Right RealEstate Announces Key Senior Hires as Part of Expansion Strategy

B-Right RealEstate has appointed Nishikant Shimpi as CEO and Anand Chirania as CFO as part of its growth strategy. The company is expanding beyond slum rehabilitation to focus on redevelopment projects in Mumbai’s upscaling western suburbs, aiming to strengthen its presence in the real estate market.

The Wadhwa Group Unveils ‘Evara’ – Signature Villa Plots in Wadhwa Wise City, Panvel

Wadhwa Group launches ‘Evara,’ an exclusive signature villa plot development within the prestigious Wadhwa Wise City in Panvel. Offering serene living amidst 70% open spaces and lush greenery, these premium plots start at Rs. 1.49 crore. Perfect for those seeking luxury and tranquillity with excellent connectivity to Mumbai and Navi Mumbai.

50k Homebuyers Register for Property Expo in Mumbai

The HOMETHON Property Expo 2024 in Mumbai has attracted over 50,000 registrations, highlighting a strong demand for sustainable housing. Set for October 4-6, the expo will showcase more than 1,000 projects, emphasizing climate-friendly practices and exclusive offers for homebuyers.

Shradh Spoils Home Sales in September 2024

Mumbai’s home sales plummeted in September 2024, recording just 9,012 registrations, the lowest since the start of the financial year. The decline is attributed to the Shradh period, traditionally viewed as inauspicious for purchasing property. This year’s registrations generated ₹872 crore in revenue, significantly lower than the ₹1,126 crore recorded in September 2023.