2023 Mumbai Region's housing market sees all-time high new launches and sales despite 15% price increase.
Mumbai Region's housing market, led by Mumbai, defies rising property prices, with home buying activity surging despite prices increasing 15% to ₹13,700 per sq.ft. New launches and sales in 2023 reached all-time high levels of 1.57 lakh and 1.53 lakh units respectively, with a 27% and 40% annual increase from 2022 levels. MMR's housing market holds the top position in both supply and demand.
March 24, 2024
3 Articles