AN ANALYSIS OF THE MARKET OF THE

REAL ESTATES OF MUMBAI,

MAHARASTHRA

PRESENTED BY:
MUMBAI REAL ESTATE
MUMBAI REAL ESTATE
MARKET
In this year of Covid-19 pandemic, the city of dreams has finally
made the Mumbai bet big on real estate. This sudden movement
in the real estate market, majorly from the end-users has been an
outcome of the steep reduction in stamp duty, low home loan
interest rates, and lucrative offers being provided by developers.
The combination of these factors has made it the perfect time to
invest in properties. The market is healing and is in a stable
recovery phase, which indicates these offerings could get rolled
back soon. Home sales volume in Mumbai was recorded to be of
9,301 units in November 2020.
PRICES OF REALTY IS
DOWN IN MUMBAI
Real estate developers in the Mumbai Metropolitan Region
(MMR) are offering 10-15% discounts on new launches,
hinting at falling realty prices in some of India’s most
expensive neighborhoods.

Developers are keen to reduce home inventory levels, which

are at historically high levels, to increase cash flows
during the pandemic, according to brokers and real estate
consultants.
PRICE TREND
Top Localities In Mumbai
Dadar East
Avg. Price 29,268 / sq ft

Matunga
Avg. Price 35,935 / sq ft

Dadar West
Avg. Price 32,345 / sq ft

Bandra East
Avg. Price 31,106 / sq ft
HIRANANDANI GROUP
Set up in 1978, Hiranandani Group is one of the most lofty
land engineers situated in Mumbai. Hiranandani Group has
the vision of making another India with independent and
suffering municipalities. Each movement, be it in land,
schooling, medical services, friendliness, relaxation or
amusement has consistently centered around making a
superior involvement with each part of life. While
corporate has gone from solidarity to strength, the Group is
principally inseparable from quality, responsibility towards
clients, dependability, and greatness in design. We are here
to give an encounter that should not be taken lightly to each
family, through framework that is inseparable from pre-
eminent quality, excellence, and life span.
MISSION AND VISSION
OF THE HIRANANDANI
Creating superior value for Customers, Business
Associates, Society and Stake Holders on a continuous
basis.

That’s the vision that the Hiranandani Group was born with. To
create integrated townships and lifestyle patterns that
provides more than just spaces to live and operate out of.
Keeping this vision very close to our heart, we have become
the physical face of a new generation.
PROJECTS OF
HIRANANDANI GROUP
Hiranandani Fortune City
Panvel, Mumbai
Hiranandani Falcon
Thane West, Mumbai
Lake Enclave
Thane West, Mumbai
Hiranandani Rodas Enclave Phillipa
Thane West, Mumbai
Hiranandani Obelia A AND Obelia B
Thane West, Mumbai
Hiranandani Rodas Enclave Basilius
Thane West, Mumbai
Hiranandani Tivoli Tower
Powai, Mumbai
PANVEL
Panvel, on the outskirts of Mumbai offers several merits for
home seekers as of good connectivity, several major
upcoming infrastructure projects, good nature
surroundings and above all the affordable property prices.
Panvel, which is around 40 kms away from Mumbai, is
located in the Raigad district of Maharashtra. It also
adjoins Navi Mumbai and Thane district.
Panvel’s residential real estate market witnessed a spurt,
after the announcement of the international airport in Navi
Mumbai, in 2010. The region has residential options, right
from affordable units and studio apartments, as well as
one, two and three-bedroom apartments with lifestyle
amenities. There are also bungalow plots, villas and
projects that cater to the luxury segment.
PANVEL MARKET SCENARIO
Navi Mumbai, as a whole, has witnessed amazing growth over the last
decade. But, Panvel, on the border of Navi Mumbai, has been
witnessing a remarkable surge in residential real estate. While major
real estate players have already announced or are nearing completion of
megaprojects and townships across Navi Mumbai, Panvel has seen a
surge in property prices. The location has transformed from affordable
housing to a premium location. Apart from connectivity to Pune and
Mumbai, presence of key industrial setups and infrastructure projects
such as Navi Mumbai International Airport (NIMA), and the Panvel-
Virar or Panvel - Karjat corridors of Mumbai Urban Transport
Project are also driving the growth of this micro-market.
PANVEL STORY
Growing rapidly over the past five years, Panvel has evolved from the
Old Panvel areas to extend to New Panvel, which has large luxury
townships and established medical and educational facilities. The first
municipal corporation in Raigad district came up in Panvel and this
helped to transform the place. “10 years ago, Panvel was neglected by
home buyers and would get attention only from people who had
budget constraints. The tables have turned today. When it comes to
budget, as the region offers an array of configurations from studio
apartments to villas, with property prices in Panvel in the range from
Rs 10 lakhs to Rs 55 crores . Major schools like Delhi Public School,
Ryan International, universities like Amity and major hospitals like
Panacea and Life Care Multi-Speciality Hospital, have come up near
the Palaspe Phata.