Mumbai's Real Estate Market Sees Shift Towards Larger Flats
Mumbai's property buyers increasingly demanding larger flats, leading to a surge in registrations
Mumbai Real EstateLarger FlatsProperty BuyersRegistrations16 IncreaseReal Estate MumbaiAug 05, 2024
The trend of buying larger flats is not limited to the luxury segment, but is also seen in the mid-range and affordable segments. This shift in demand is attributed to the growing need for more space, with many homebuyers opting for larger flats to accommodate their growing families.
The Mumbai real estate market has been witnessing a steady recovery in recent times, with sales of residential properties showing a significant increase. The demand for larger flats is expected to continue, driven by the growing need for more space and the improving economic conditions.
Some of the prominent developers in Mumbai, such as Godrej Properties and Suraj Estate, have reported a surge in sales of larger flats. Godrej Properties has reported a fourfold increase in sales, while Suraj Estate has seen a significant increase in demand for its larger apartments.
The shift in demand towards larger flats is also attributed to the growing trend of work-from-home, which has increased the need for more space. Many homebuyers are opting for larger flats to create dedicated workspaces, as well as to accommodate their growing families.
Overall, the surge in demand for larger flats in Mumbai is a positive sign for the real estate market, indicating a growing need for more space and a willingness to invest in larger properties.
Frequently Asked Questions
What is driving the demand for larger flats in Mumbai?
The demand for larger flats in Mumbai is driven by the growing need for more space, with many homebuyers opting for larger flats to accommodate their growing families.
Which developers have reported a surge in sales of larger flats?
Godrej Properties and Suraj Estate have reported a surge in sales of larger flats in Mumbai.
What is the growth rate of registrations of larger flats in Mumbai?
There has been a 16% increase in registrations of larger flats in Mumbai.
What is the impact of the work-from-home trend on the demand for larger flats?
The work-from-home trend has increased the need for more space, with many homebuyers opting for larger flats to create dedicated workspaces.
Is the demand for larger flats limited to the luxury segment?
No, the trend of buying larger flats is not limited to the luxury segment, but is also seen in the mid-range and affordable segments.
Related News Articles
Paranjape Schemes Set to Deliver Over 1000 Flats in Pune's Real Estate Market
Leading Pune-based developer Paranjape Schemes is gearing up to hand over 1000 units across two of its prominent townships
India's Q3 GDP Growth Accelerates to 6.2%, Construction and Real Estate Sectors Thrive
India's GDP growth in the third quarter of fiscal year 2025 (Q3 FY25) has improved to 6.2%, up from 5.6% in the second quarter (Q2). The construction and real estate sectors are expected to lead the charge with robust growth rates of 8.6% and 7.3%, respec
Casagrand Launches Phase II of Chennai's Casagrand Suncity
On March 17, 2025, Casagrand, a leading real estate developer, announced the launch of Phase II of its premium project, Casagrand Suncity, in Chennai. This phase promises to bring even more luxurious amenities and sustainable living options to the bustlin
Maharashtra Medical Council Suspends Doctors Over Blood Swap in Pune Crash Case
The Maharashtra Medical Council has taken stringent action against doctors involved in a blood swap scandal in Pune. The incident, which occurred in the Kalyani Nagar area, involved a juvenile son of a real estate developer. This article details the steps taken by the council and provides insights into the implications of the case.
Taapsee Pannu Acquires Rs 4.33 Crore Flat in Mumbai’s Goregaon West
Bollywood actress Taapsee Pannu, along with her sister, has purchased a high-end apartment in Mumbai’s Goregaon West for Rs 4.33 crore. The property, located in the Imperial Heights project, offers a carpet area of 1,390 sq. ft and comes with two car parking spaces.
BirlaNu Reports Widened Loss of ₹24.71 Crore in Q4 FY25
BirlaNu, part of the CKA Birla Group, reported a net consolidated loss after tax of ₹24.71 crore in the quarter ended March 31, 2025, up from a loss of ₹11 lakh in the same period last year. The company's total income grew by 8.93% to ₹939.85 crore.