Summary:
About 24 per cent of homes launched were between Rs 80 lakhs to 1.5 crore, 12 per cent homes were priced between Rs 1.5 to 2.5 crore, while 10 per cent homes were launched above Rs 2.5 crore. Of the total unsold inventory, the highest 67 per cent are in Mumbai, while, 16 per cent are in Navi Mumbai and the remaining 17 per cent in Thane. With supply ranging between 15-20% of the overall MMR supply, it has clocked the highest price appreciation during the past 5 years. According to the report, Mumbai Metropolitan Region (MMR) has witnessed a huge supply addition in the past 5 years. MMR witnessed aggressive launches in 2013, 2014 and 2015..