The real estate market in Mumbai Metropolitan Region (MMR) is witnessing a significant surge in demand, with prices rising by 5% in the last quarter. The trend is expected to continue, with companies looking to launch new projects in areas like Navi Mumbai and Thane.
According to a recent report, the demand for housing is on the rise, driven by the increasing affordability and the government's initiatives to boost the sector. Companies like DLF and Unitech are already witnessing a significant increase in demand for their projects, with prices ranging from ₹1 crore to ₹5 crore for luxury apartments.
The growth in demand is largely attributed to the increasing preference for areas like Panvel and MMR, which offer better connectivity and amenities. With the market expected to continue its upward trend, companies are looking to launch new projects, which is likely to lead to an increase in job opportunities for professionals in the real estate sector.
The average salary for a sales manager in the real estate sector is around ₹12 LPA, with some companies offering up to ₹20 LPA for experienced professionals.
