MMR Housing Report June - 2024

In the fiscal year 2024, the Mumbai Metropolitan Region (MMR) experienced a notable uptick in sales, marking a nearly 5% increase compared to the previous fiscal year, FY’23. This growth contrasts with a significant 22% decline in the launch of new residential units during the same period. Concurrently, unsold inventory saw a modest rise of 5% by the end of FY’24 in comparison to FY’23. Despite the reduced supply of new units across MMR, the region observed a 4% appreciation in apartment values from FY’23 to FY’24. This trend underscores sustained demand in the market, contributing to the appreciation in property values despite the decrease in available inventory.