The Mumbai Metropolitan Region (MMR) real estate market is growing at a rapid pace, with sales increasing by 20% per annum. This growth is driven by demand from end-users, who are looking to buy properties in the region. Developers are responding to this demand by launching new projects, with over 10,000 new units being launched in the past quarter.
Companies like Oberoi Realty and Hiranandani Group are reporting strong sales, with many projects being sold out within weeks of launch. The demand is particularly high in areas like Thane and Navi Mumbai, where new infrastructure projects are being developed. In fact, a recent report found that over 50% of buyers in MMR are looking to buy properties in the next 6 months, driven by the attractive prices and amenities.
This trend is expected to continue, with the MMR real estate market projected to grow by 25% in the next year. As the market continues to grow, recruiters predict a surge in demand for professionals with expertise in sales and marketing. Salaries for these professionals are expected to rise, with packages ranging from ₹10 LPA to ₹18 LPA.
