The Mumbai Metropolitan Region has witnessed a significant surge in property demand over the past quarter, with sales rising by 25% compared to the same period last year. This trend is expected to continue, driven by infrastructure development and government initiatives.
According to a report by Knight Frank, the MMR region saw a 15% increase in new launches, with Thane and Navi Mumbai being the top contributors. The average property price in MMR has risen to ₹12,000 per square foot, with luxury projects in Panvel and Navi Mumbai commanding prices upwards of ₹18,000 per square foot.
Developers such as Godrej Properties and Tata Housing are capitalizing on this trend, with several new projects in the pipeline. The rise in property demand has also led to an increase in hiring, with companies such as CBRE and JLL recruiting talent for roles such as property manager and leasing manager, offering salaries ranging from ₹8 LPA to ₹15 LPA.
