Under Construction Apartments/Flats in Pisavli Village, Thane - Page 4

Mumbai's housing market maintains a consistent growth path, highlighting its substantial impact on the national sales and new supply tally.

Mumbai residential market continues to maintain a consistent growth trajectory, emphasizing the city's stand as a prominent contributor to the total sales figure during the year.

With this rebate, property owners will have to pay over Rs 2,000 per flat per year as property tax.

Mumbai and Pune have jointly accounted for an impressive 60 per cent of total property sales in top eight cities in the second quarter of 2023.

The residential real estate landscape in Mumbai has shown remarkable resilience and consistent growth in 2023, driven by various factors that shape the inclinations of homebuyers.

Mumbai has always been in the limelight for its residential real estate, the housing projects ranging from luxurious apartments in high-rises and gated communities to affordable, small-sized units in the suburbs. The city's diverse neighbourhoods offer viable housing options, catering to various budget categories.

Property sales in both Mumbai and Pune grew at the fastest pace of 26 per cent YoY each amongst the top eight cities, in the first half of 2023. Both these cities together account for 60 per cent share in the total 1.66 lakh units sold in H1 2023.

Thane West in Mumbai took the top spot on the list of trending realty hotspots in Q2 2023.

These projects were started to improve the connectivity between Kalyan and Dombivli.