Case Construction
NBC 75 Years 9th EPC World Awards
Credai-MCHI: 2021 a record breaking year for MMR; 1,71,165 housing units sold

Credai-MCHI: 2021 a record breaking year for MMR; 1,71,165 housing units sold

Credai MCHI in association with CRE Matrix has released a new report today titled MMR Housing Report 2021 that highlights a positive uptrend in the MMR Real estate market. The report states that the year 2021 (Jan – Dec 2021) is on its way to become one of the best years for Real estate annual sales as compared to the preceding 4 years (2017 -2020). The total sales of housing units in MMR is at 1,71,165 touching a value of INR 1,33,015 Crores till the month of August 2021, the trend is expected to continue making 2021 a record breaking year.

Speaking on the upward trajectory, Deepak Goradia, President, Credai-MCHI, said, “Positive policy amendments like reduction of stamp duty, reduced home-loan rates, various financing and other offers run by developers and increase in importance of owning a house due to pandemic have contributed to this trend. The industry is finally seeing a green shoots of revival after a flat growth for half-a-decade and we are confident that this trend will continue till the end of this year given the upcoming festive season.”

The key takeaways from the report:

  • South Mumbai & Central Mumbai Markets have witnessed a massive turn-around in terms of unit sales for Jan-Aug’ 2021 compared to pre-pandemic years of 2017, 2018 & 2019. Amazingly, the sales figures in the period of Jan-Aug 2021 is more than full-year sales of the years 2017, 2018, 2019 & 2020. More than 90% of Housing Sales in this region are priced above INR 2Cr.
  • In Jan-Aug’2021 period, Eastern Suburbs have surpassed the sales units, the value of units sold and area sold over the last 5 years. Also, it has seen improvement in sales of units priced above Rs 1 crore. Apartments priced above INR 1cr per unit contribute about 80% of housing sales in Value terms.
  • Western Suburbs is the largest macro-market of Mumbai with housing sales in the period Jan-Aug 2021being more than full year sales of 2017, 2019 and 2020. Although housing sales in the period Jan-Aug 2021 is less than full-year sales of 2018, we believe full-year sales of year 2021 will surpass 2018 in the remaining 4 months.
  • Thane District has witnessed an upward trend in the housing prices over the last 5 years. An affordable market compared to Mumbai, it is witnessing sales of higher ticket size units compared to sales in the last 5 years.

The Covid-19 pandemic and the resulting lockdowns have caused significant disruption for developers, buyers and industry at large. However, the housing demand in Maharashtra bounced back with the breakthrough move of stamp-duty reduction coupled with several banks cutting their home loan rates ahead of the festive season. Additionally, the developers have also rolled out exciting discounts & offers to entice potential customers who have been lying low since the pandemic outbreak.


  • About Us

    EPC World Media Group is a one stop knowledge information hub for Infrastructure, EPC and Construction sector. It strives to promote, propagate and assist the decision and policy makers from government and private organizations along with the technology developers and service providers to enhance and develop their capabilities. EPC World Media facilitates knowledge transfer to grassroots and strengthens their productivity.....

    Read More.....
  • Featured Videos

  • Connect Us