Mumbai Residential & Commercial Market Snapshot

Mumbai, the financial capital of India, the hub of banking &financial services, head quarters of stock market and market regulators like RBI and SEBI. The city is the home of big corporate houses and an essential center for trading activity. The commercial significance has been the key for the real estate sector in the city.

The Mumbai market is huge and diverse in itself, comprising various markets different in their characteristics, development profile and maturity level. The Mumbai real estate market which has been the most important market in the country has been performing low in the recent past. The demand of the Property At Mumbai is low due to the weak customer sentiments and economic uncertainly prevailing in the market.

Despite the tough market, the capital rates in the city’s residential market have remained firm supported by limited supply as well as hiking cost pressures. The land prices in Mumbai are very high, owing to the scarcity of the developable free land parcels in the financial capital.

The cost burden in terms of land and raw material prices continues to remain same. The delayed launches have already made a dent in the project returns. The liquidity flow is very bad as the city tops in the hold up inventory in the recent past.

The ratio of taking up various flats is very different in the city. According to a survey 31 pc people want 1BHk, 44 pc people prefer 2BHK, and 14 pc prefer 3BHK and the other 11pc opted for 4BHK in the city.

Considering the high capital rates within the domains of Greater Mumbai Property, peripheral areas and outskirts will continue to develop as well as traction in affordable housing segment.

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