A recent report by CREDAI-MCHI, the only Government-recognised body for private sector developers in MMR, has revealed a significant increase in housing sales in the region. Despite a challenging economic environment, the overall housing sales in MMR have risen by 5 per cent in FY 2024 compared to FY 2023, said the report.

The report was released in partnership with CRE Matrix. It highlights a substantial surge in sales in certain regions, including South Mumbai, which saw a 41 per cent increase driven by the redevelopment of old buildings into luxury projects. Navi Mumbai followed with a 22 per cent increase in sales.