The Mumbai Metropolitan Region (MMR) real estate market has seen a 10% growth in the past quarter, driven by demand for residential properties. This growth is attributed to the increasing demand for housing in areas such as Thane, Navi Mumbai, and Panvel, with the average price per square foot rising to ₹8,000.
The market is expected to continue growing in the next year, with the demand for commercial properties also on the rise. Companies like Tata Housing and Mahindra Lifespaces are launching new projects in the area, with prices ranging from ₹50 lakh to ₹5 crore.
According to industry experts, the MMR market is expected to see a 15% growth in the next year, driven by the increasing demand for properties and the development of new infrastructure projects. As a result, the demand for real estate professionals in the area is on the rise, with roles such as sales managers and property consultants in high demand.
