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CREDAI-MCHI report shows surge in housing sales in MMR
Updated On: 02 July, 2024 10:35 AM IST | Mumbai | mid-day online correspondent
The report highlights a substantial surge in sales in certain regions, including South Mumbai, which saw a 41 per cent increase driven by the redevelopment of old buildings into luxury projects
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A recent report by CREDAI-MCHI, the only Government-recognised body for private sector developers in MMR, has revealed a significant increase in housing sales in the region. Despite a challenging economic environment, the overall housing sales in MMR have risen by 5 per cent in FY 2024 compared to FY 2023, said the report.
The report was released in partnership with CRE Matrix. It highlights a substantial surge in sales in certain regions, including South Mumbai, which saw a 41 per cent increase driven by the redevelopment of old buildings into luxury projects. Navi Mumbai followed with a 22 per cent increase in sales.
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