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Really, feel-good Realty

Big ticket homes do big biz despite the pandemic

MUMBAI, Jan 14 (The CONNECT) - How was the real estate market during the pandemic?

“Luxury & branded home segment benefited the most as a result of reduction in stamp duty charges and low interest rates,” according to Ram Naik, Executive Director, The Guardians Real Estate Advisory. While mid-income housing projects did offload considerable inventory, luxury housing projects raked in the moolah, Naik said adding: “We attribute this trend to lucrative prices offered for almost or full ready apartments.”

Abhishek Kiran Gupta, CEO - CRE Matrix Real Estate Analytics, said  “18 out of the Top 25 Best-selling projects in CY2020 in Mumbai city were Luxury projects where apartments were priced above INR 7crores.”

TOP SELLING PROJECTS IN CY 2020 IN MUMBAI

By Value (Apartment Price > Rs. 10 crore)

Developer

Project

Value Sold in 2020 (Rs. Cr)

Indiabulls Real Estate

Blu

598.8

K Raheja

Artesia

591.3

Avighna

One Avighna Park

386.2

Runwal

The Residence

325.5

Avighna

Avighna IX

324.7

Oberoi Realty

Three Sixty West

320.6

M J Shah

81 Aureate

284.8

Peninsula Land

Carmichael Residences

235.7

Rustomjee

Elements

202.3

K Raheja

Vivarea

191.3

By Value (Apartment Price < Rs. 10 crore)

Developer

Project

Value Sold in 2020 (Rs. Cr)

Oberoi Realty

Sky City Towers

517.9

Piramal Realty

Mahalaxmi

505.8

Lodha

New Cuffe Parade

385.5

Chandak

34 Park Estate

366.1

Sheth Creators

Auris Serenity

364.1

Lodha

The World Towers

328.3

Bombay Realty

ICC

323.5

Piramal Realty

Aranya

306.1

L&T Realty

Emerald Isle

291.4

Ashwin Sheth Group

Montana

288.7

By Units Sold

Developer

Project

Units Sold in 2020

Ruparel Realty

Optima

363

Chandak

34 Park Estate

346

Chandak

Nishchay

339

Godrej Properties

Nest

182

Oberoi Realty

Sky City Towers

176

Ruparel Realty

Regalia

160

Ashwin Sheth Group

Montana

159

Sheth Creators

Vasant Oasis

148

Lodha

New Cuffe Parade

141

Group Satellite

Aarambh

134

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