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South Mumbai Shines Brightest In Terms Of Top Localities Contribution With 73.4%: Report

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The second wave of the Covid-19 has wreaked havoc on the Mumbai Metropolitan Region’s (MMR) real estate market, affecting both sales and new project launches.

CREDAI MCHI-II and CRE Matrix are publishing Monthly research reports on the Real estate market in the MMR region with a focus and in-depth study of various asset classes, Residential and commercial markets, and geographies.

FULL REPORT HERE

This data insight is useful to focus marketing and sales efforts in specific areas for their projects.

All this data is being collated from property registration data of the IGR department, making it authentic and trustworthy.

MMR Buyer’s Origin Report August 2021

Location Largest Locality as Buyer Source Top 20 Localities Contribution (%) Top 5 Micro Markets Majority Homebuyer (%)
South Mumbai Mumbai Central (14.2%) 73.4%
  1. Mumbai Central
  2. Opera House – Girgaon
  3. Mazgaon
  4. Jacob Circle – Chinchpokli
  5. Masjid.
37% are from Mumbai Central, Opera House – Girgaon, Mazgaon
Central Mumbai Parel (8.2%) 56.4%
  1. Lal Baug
  2. Shivaji Park
  3. Lower Parel
  4. Mahim
  5. Antop Hill
Lal Baug, Shivaji Park and Lower Parel account for 20% of total homebuyers
Central Suburbs Kurla (12.2%) 41%
  1. Kurla 
  2. Sion Chunabhatti 
  3. Bandra West 
  4. Dharavi
  5. Santacruz West
Kural, Bandra West and Sion Chunabhatti account for 25% of total homebuyers
Western Suburbs Kandivali West – Charkop (7.3%) 63.7%
  1. Kandivali West – Charkop
  2. Kandivali East
  3. Malad East
  4. Malad West
  5. Dahisar
22% homebuyers are from Kandivali West – Charkop, Kandivali East and Malad East
Eastern Suburbs Bhandup West (8.6%) 58%
  1. Bhandup West
  2. Mulund West
  3. Ghatkopar West
  4. Powai
  5. Chembur
Bhandup West, Mulund West and Ghatkopar West account for 24% of total homebuyers
Thane Thane – Majiwada (9.2%) 59.1%
  1. Chitalsar Manpada
  2. Kalwa
  3. J K Gram
  4. Thane Majiwada
  5. Thane – Kasarvadavali
Thane Majiwada, Chitalsar Manpada and Kalwa consist of 24% of total buyers
Thane – Kalyan Dombivli and Badlapur Ambernath (KDMC) Kalyan (9.2%) 54.7%
  1. Kalyan
  2. Dombivli
  3. Thane Ganeshwadi
  4. Thane Badlapur
  5. Vishnunagar
22 % of homebuyers are from Kalyan, Dombivli and Thane Ganeshwadi
Thane – Bhiwandi Bhiwandi (19.6%) 66.6%
  1. Bhiwandi
  2. Thane – Wagle
  3. Thane – Majiwada
  4. Chitalsar Manpada
  5. J K Gram
Bhiwandi, Thane Wagle and Thane Majiwada account for 33% of total homebuyers
Thane – Mira Bhayandar Mira Bhayandar (32.4%) 68.3%
  1. Mira Bhayandar East
  2. Bhayandar East
  3. Bhayandar West
  4. Kandivali East
  5. Dahisar
Mira Bhayandar East, Bhayandar East, Bhayandar West account for 52% of total homebuyers
Thane – Navi Mumbai Vashi – Sanpada (16.6%) 67.9%
  1. Vashi – Sanpada
  2. Nerul
  3. Airoli
  4. Kopar Khairane
  5. Ghansoli
43% of homebuyers are from Vashi Sanpada, Nerul and Airoli
Palghar Nalasopara East (7.3%) 57.8%
  1. Palghar – Dahisar
  2. Virar East
  3. Nalasopara East
  4. Vasai – Naigaon East
  5. Mira – Bhayandar East
22% homebuyers are from Nalasopara East, Palghar – Dahisar and Virar East
Raigad Panvel (12.7%) 48.5%
  1. Panvel
  2. Nerul
  3. Kharghar
  4. Vashi – Sanpada
  5. Kalamboli
29% homebuyers are from Panvel, Nerul and Kharghar

 

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