MMR Real Estate Update for Q1, 2015
“As part of ‘Real Insights’ into real estate, commonFloor.com has come up with a quarterly report for MMR – with in-depth analysis based on CommonFloor data.
Q1, 2015 in a Nutshell
•Areas beyond Thane and Central Suburbs comprises about 70 per cent of new units supply in MMR Region.
•With 40 per cent, luxury segment tops the ladder in MMR. Interestingly, affordable segment, which occupied more than 60 per cent share in the last quarter stood at just 23 per cent in Q1, 2015.
•Mira Road was the showstopper in three aspects, which includes rental demand, resale availability and rental yield.
•Fastest Moving Rental Markets: As per CommonFloor’s proprietary data model, properties up for rent in Vashi, Kandivali West, Panvel, Ghodbunder Road and Andheri West on an average take just 18-25 days to go out.
