The Mumbai/MMR real estate market continues to be dynamic, with certain localities attracting significant investment.ย Here’s a glimpse into the top 15 localities by sale value in 2024:
๐๐จ๐ซ๐ฅ๐ข ๐๐๐ข๐ ๐ง๐ฌ ๐๐ฎ๐ฉ๐ซ๐๐ฆ๐.ย Leading the pack is Worli, boasting a market size exceeding US$1 billion (โน10,000 cr)!ย Luxury projects and large ticket deals have fueled this impressive performance.
๐๐๐ง๐๐ข๐ฏ๐๐ฅ๐ข ๐๐๐ฌ๐ญ ๐ ๐๐ญ๐ซ๐จ๐ง๐ ๐๐จ๐ง๐ญ๐๐ง๐๐๐ซ. Securing the second position, Kandivali East recorded sales of โน7,000 cr.ย A standout performer within this micro-market was Godrej Reserve, the highest-selling project in 2024 with over โน3,000 cr in sales.
๐๐ข๐ ๐ก-๐๐๐ฅ๐ฎ๐ ๐๐จ๐ญ๐ฌ๐ฉ๐จ๐ญ๐ฌ. Six localities commanded market sizes greater than US$500 million, including Kandivali East, Thane West, Andheri West, Powai, Mulund West, and Mahalaxmi.ย This demonstrates the breadth of high-value transactions across the region.
๐๐จ๐ฎ๐ญ๐ก ๐ฏ๐ฌ. ๐๐๐ฌ๐ญ.ย Interestingly, both South Mumbai and Western Mumbai held nearly equal shares of the sales value within the top 15 localities, each contributing over โน18,000 cr. This highlights the diverse investment opportunities across these key areas.
