Why Small Apartments Are in High Demand in Mumbai's Real Estate Market
According to real estate consultants, out of the total monthly sales in Mumbai's real estate market, close to almost half of the sales are for apartments in the range of 500 sq ft to 1,000 sq ft, followed by the second highest of under 500 sq ft.
Mumbai Real Estate MarketSmall ApartmentsAffordable HousingReal Estate TrendsProperty RegistrationsReal Estate NewsSep 29, 2024
Frequently Asked Questions
What percentage of monthly sales in Mumbai's real estate market are for apartments below 500 sq ft?
Almost 33% of monthly sales in Mumbai's real estate market are for apartments below 500 sq ft.
Why do real estate developers sell apartments measuring 500 sq ft and less?
Developers often purchase industrial land with conditions to construct affordable units, leading to a mix of small and large apartments.
What is the average size of 1 BHK apartments in Mumbai?
1 BHK apartments in Mumbai are usually of sizes ranging from 380 sq ft to 425 sq ft.
What was the year-on-year increase in property registrations in Mumbai's real estate market in August 2024?
There was an 8% year-on-year increase in property registrations in Mumbai's real estate market in August 2024.
How many property registrations were recorded in Mumbai's real estate market in August 2024?
11,735 property registrations were recorded in Mumbai's real estate market in August 2024.
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