Plotted Development Report - In & Around MMR | July '24

CRE Matrix presents the July 2024 Market Research Report - In & Around MMR, highlighting key trends in plotted development. Raigad remains a leader, with a surge in plot launches driven by major projects like Godrej Hillview Estate. Demand is rising, with over 700 units sold in 2023 and an ongoing upward trend in 2024. Average ticket sizes have surged, with plot prices growing from ₹12 lakhs in 2019 to ₹46 lakhs in 2024, and villa prices jumping from ₹128 lakhs to ₹281 lakhs. Infrastructure developments are boosting interest in Thane and Manor-Palghar, making them attractive for investment. While Igatpuri, Karjat, and Lonavala are popular, Kasara is emerging as a new star, with a 14% rise in average PSF rates since 2019. Tap here to download the full report and explore emerging markets like Kasara, Manor, and Karjat.