MMR and NCR together saw approximately 2,57,780 units completed in 2023, the data showed. Approximately 5.31 lakh units are lined up for completion in 2024 across the top seven Indian cities
The festival special housing scheme 2023 was launched in November 2023 and the Authority has so far sold over 4,000 flats in a span of three months. The prices of EWS flats will start from Rs 11.5 lakh.
The project, that will have 2,372 luxury apartments, has a revenue potential of Rs 7,500 crore approximately. The ticket price of smallest apartment will be approximately Rs 3 crore while the largest ultra-luxury apartment is likely to cost around Rs 12 crore approximately.
A total of 12,935 units were sold in 2023 against 7,395 in 2022, as large developers such as DLF, Sobha, Lodha, TARC, Max launched and sold apartments in this price bracket and beat the annual guidance.