The Mumbai Metropolitan Region (MMR) real estate market has witnessed a significant boom, with sales and new launches increasing by 30% and 25% respectively over the past year. According to a report by Knight Frank, the MMR market has seen a surge in demand for affordable housing, with cities like Navi Mumbai and Thane emerging as hotspots for homebuyers.
The improved infrastructure, including the new international airport and the Trans-Harbour Link, has also contributed to the growth. Developers like Hiranandani and K Raheja are launching new projects in the region, with prices ranging from ₹50 lakh to ₹2 crore.
The growth in the MMR market is expected to continue, driven by the increasing demand for housing and commercial spaces. Channel partners like Anarock and PropTiger are also witnessing a significant increase in sales, with average transaction values ranging from ₹1-5 crore.
