In 2022, Mumbai saw a substantial surge in property launches, with 35,000+ 1 BHK units launched. Other configurations were launched, with 14,000+ 2 BHK units, 3,000+ 3 BHK units, and 100+ 4 BHK units in 2022.
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The Mumbai upsurge in the absorption of residential units in 2022 shows a strong purchase market in the real estate industry. The highest number of units were sold in November and December.
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Mumbai's new unit launches across segments in FY 2022-23.
The mid-segment dominance was attributed to the increasing demand; the affordable segment also saw strong demand. The luxury segment continues to target a niche market.
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Mumbai and Thane collectively made a significant contribution to residential real estate in FY 2022-23. The two cities accounted for a combined share of 24% of the total residential real estate sales in FY 2022-23.
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#SugeeRealEstateIndustryNewsroom is here to share relevant information from the #Mumbai residential #RealEstate market.
FY 2022-23-Mumbai saw a significant increase in new home launches to accommodate the growing demand of aspirational home buyers.
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Ganesh Chaturthi Rituals:
Modak is offered to Ganesha as it is his most loved delicacy. It symbolises spiritual knowledge which is why Lord Ganesha is known as the deity of knowledge.
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#ThrowBack to a health checkup arranged in the head office with skilled and professional doctors.