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 |
.jpg)
