Mumbai real estate update: Though launch of 1 BHK units went up in CY23, the number of units launched in the 3.5 and 4 BHK category has been the highest at 1,509 in CY23 compared to the last three years.
The Maharashtra government last week said that it is considering a reduction in premiums paid by developers in the Mumbai real estate market. However, experts opine that developers should pass on the benefit to homebuyers to enhance affordability.
In calendar year 2022, 1.22 lakh property registrations were reported in Mumbai. In 2023, there is an anticipation of a 5 percent increase in the number of property registrations, according to experts.