Real Estate

Market Research

2021
MMR Housing
Prices Report

June 2021

Disclaimer : Micromarket pricing is based on the recently registered primary sale transactions 1
 MESSAGE
FROM THE PRESIDENT’S
Shri Deepak Goradia
President
DESK

MESSAGE FROM THE PRESIDENT’S DESK

Dear Members,

The collaboration and strategic tie-up between Our Knowledge and Research Partner, CRE MATRIX
and CREDAI MCHI Research and Analytics Team for market specific intelligence Real Estate markets
in MMR is going strong. We have till date published monthly research reports on Sales, Housing
Typology, Unit size, Commercial and Office sales and rental in MMR region. These reports are
well illustrated with graphs and charts and is formulated in solid bullet points making them easy to
read.

As a part of our Tie-up, CREDAI MCHI and CRE Matrix are publishing Monthly Research reports on
Real estate market in MMR region with focus and in-depth study of various asset classes, typology of
Residential units and geographies in MMR region.

We are now publishing our Monthly reports of June 2021 with focus on Residential rates per sq.
feet ,mean and median rates, fastest growing areas with focus on micro markets in South Mumbai
, Central Mumbai, Central Suburbs, Eastern Suburbs , Western Suburbs , KDMC , Mira Bhayander, Navi
Mumbai-Panvel, Thane and Vasai Virar. All this data is being collated from property registration data
of the IGR department, making it authentic and trustworthy.

CREDAI MCHI – CRE Matrix Research Initiatives would benefit our Member Developers tremendously,
providing them with data which can help them in efficient decision making.

• Monthly MMR Property Tracker

• Quarterly Research Papers

• Yearly Realty Round-Up

We believe, data-based decision making along with market research will be critical for the success of
our projects and our Industry going further. The tie-up with CRE Matrix is our step in the right
direction.

Shri Deepak Goradia

President
MMR Housing Prices Report | June 2021

South Mumbai

Byculla - ₹42,000
Tardeo –
₹50,000 Mumbai
Central – Mazgaon
₹37,500 - ₹41,000

Malabar Hill
- ₹88,000 Marine Lines - ₹38,000

Wadala - ₹29,050

Legend Map
(Price Range (₹ per sqft)

Colaba - ₹55,000

Sewri - ₹30,901

As per current registration data from IGR

Avg. Macro Market Byculla

₹50,215 Fastest Rising Locality
Current Price (9.5%)

Highest Current Malabar Hill Median Macro-

₹42,000
Price Locality ₹88,000 Market Current Price

Lowest Current Mumbai Central

4 Year CAGR 1.2%
Price Locality ₹37,500

Source: CREDAI MCHI - CRE Matrix Research 3

MMR Housing Prices Report | June 2021

Central Mumbai

Mahim - ₹37,409

Matunga - ₹35,436

Dadar - ₹41,277
Prabhadevi Wadala - ₹29,050
- ₹46,836
Worli - ₹53,425

Lower Parel
- ₹46,480
Parel - ₹35,759

Legend Map
(Price Range (₹ per sqft)

Mahalakshmii – Sewri - ₹30,901

₹51,696

As per current registration data from IGR

Avg. Macro Market Mahalakshmi

₹40,827 Fastest Rising Locality
Current Price (6.9%)

Highest Current Worli Median Macro-

₹39,343
Price Locality ₹53,425 Market Current Price

Lowest Current Wadala

4 Year CAGR 1.2%
Price Locality ₹29,050

Source: CREDAI MCHI - CRE Matrix Research 4

MMR Housing Prices Report | June 2021

Central Suburbs

Mumbai
Central –
₹37,500

Santacruz East
Santacruz West - ₹27,527
- ₹50,725

Kurla - ₹21,790
Kalina - ₹26,244
Khar -
₹52,274

Bandra East
- ₹42,853

Bandra West
- ₹53,343
Legend Map
(Price Range (₹ per sqft)

Sion - ₹28,482

As per current registration data from IGR

Avg. Macro Market

₹36,780 Fastest Rising Locality Khar (5.0%)
Current Price

Highest Current Santacruz West Median Macro-

₹34,878
Price Locality ₹53,725 Market Current Price

Lowest Current
Kurla ₹21,790 4 Year CAGR 0.1%
Price Locality

Source: CREDAI MCHI - CRE Matrix Research 5

MMR Housing Prices Report | June 2021

Mulund West – ₹20,674

Eastern Suburbs Dahisar West – ₹16,279

Mulund East – ₹18,851

Bhandup West –
₹16,280

Bhandup East – ₹16,723

Kanjurmarg West
– ₹22,626
Kanjurmarg Eest – ₹21,843
Kandivali West –
₹19,168

Powai – ₹32,832
Malad West Vikhroli West –
- ₹22,556 ₹23,192

Ghatkopar West - ₹16,990

Madh - ₹15,735
Vikhroli East – ₹17,631

Ghatkopar East - ₹19,702

Govandi
- ₹12,827

Legend Map
Chembur - ₹20,001 (Price Range (₹ per sqft)

As per current registration data from IGR

Avg. Macro Market Ghatkopar West

₹20,013 Fastest Rising Locality
Current Price (6.2%)

Highest Current Powai Median Macro-

₹19,702
Price Locality ₹32,832 Market Current Price

Lowest Current Govandi

4 Year CAGR 0.3%
Price Locality ₹12,827

Source: CREDAI MCHI - CRE Matrix Research 6

MMR Housing Prices Report | June 2021

Western Suburbs Dahisar West – ₹16,279

Dahisar East – ₹18,487

Borivali West – ₹17,242

Borivali East – ₹20,706

Kandivali West –
₹19,168 Kandivali East – ₹23,620

Malad West
- ₹22,556
Malad East
- ₹23,620

Madh - ₹15,735
Goregaon
West Kurla - ₹21,790
- ₹21,480

Jogeshwari West Goregaon East

- ₹18,781 - ₹27,067
Jogeshwari East
Andheri West - ₹19,558
- ₹26,928
Legend Map
(Price Range (₹ per sqft)
Vile Parle West - ₹41,643 Andheri East - ₹20,765

Juhu - ₹54,421

Vile Parle East - ₹38,679

As per current registration data from IGR

Avg. Macro Market Dahisar East

₹24,710 Fastest Rising Locality
Current Price (6.0%)

Highest Current Juhu Median Macro-

₹21,123
Price Locality ₹54,421 Market Current Price

Lowest Current
Madh ₹15,735 4 Year CAGR 1.0%
Price Locality

Source: CREDAI MCHI - CRE Matrix Research 7

MMR Housing Prices Report | June 2021

Thane

Bhayandarpada – ₹12,094

Kasarvadavali – ₹12,725

Owala – ₹12,071 Kavesar – ₹15,492

Brahmand – ₹19,003

Kolshet – ₹17,020

Manpada – ₹13,421
Legend Map Dhokali – ₹15,097
(Price Range (₹ per sqft)

Pokhran Road
- ₹18,387 Majiwade – ₹14,189

Waghle Estate Kurla - ₹21,790

Panchapakhadi Kalwa – ₹14,622
- ₹17,377 - ₹13,393

Naupada
- ₹12,234

Kopri - ₹16,700

As per current registration data from IGR

Avg. Macro Market

₹14,587 Fastest Rising Locality Owala (7.7%)
Current Price

Highest Current Brahmand Median Macro-

₹14,622
Price Locality ₹19,003 Market Current Price

Lowest Current Owala

4 Year CAGR 0.8%
Price Locality ₹10,071

Source: CREDAI MCHI - CRE Matrix Research 8

 MMR Housing Prices Report | June 2021

Palghar

Virar – ₹7,672

Waliv – ₹6,600

Nalasopara – ₹6,778

Vasai – ₹7,840

Naigaon – ₹7,574
Navghar –
₹9,305

Legend Map Bhayandar Bhayandar

(Price Range (₹ per sqft) West East
- ₹9,016 - ₹11,507
Mira Road –
Uttan - ₹8,249 ₹11,334

As per current registration data from IGR

Avg. Macro Market

₹8,800 Fastest Rising Locality Waliv (13.8%)
Current Price

Highest Current Brahmand Median Macro-

₹8,249
Price Locality ₹11,507 Market Current Price

Lowest Current Waliv

4 Year CAGR 5.7%
Price Locality ₹6,600

Source: CREDAI MCHI - CRE Matrix Research 9

MMR Housing Prices Report | June 2021

Raigad Dighe – ₹14,442

Airoli – ₹15,475

Ghansoli – ₹20,488

Kopar Khairane– ₹16,683

Kharghar Taloja –
Sanpada Vashi – ₹23,773 – ₹13,585 ₹8,436

Juinagar – ₹19,730

Nerul – ₹22,269

Seawoods - ₹24,513
CBD Belapur Panvel - ₹9,677
- ₹13,184

Legend Map
(Price Range (₹ per sqft)

Uran - ₹9,418

As per current registration data from IGR

Avg. Macro Market Sanpada

₹14,866 Fastest Rising Locality
Current Price (28.5%)

Highest Current Seawoods Median Macro-

₹13,184
Price Locality ₹24,513 Market Current Price

Lowest Current Taloja

4 Year CAGR 8.0%
Price Locality ₹8,436

Source: CREDAI MCHI - CRE Matrix Research 10

 MMR Housing Prices Report | June 2021

KDMC

Titwala-Ambivli – ₹6,025
Bhiwandi – ₹7,933

Kalyan– ₹9,868
Kalher – ₹7,800
Kharghar – ₹13,585
Ulhasnagar – Taloja – ₹8,436
Dombivli
West – ₹10,610 ₹5,777
Anjur –
₹9,579 Dombivli
East Pisavli – ₹9,888
– ₹8,977
Diva –
₹8,522 Ambarnath - ₹6,835

Mumbra –
₹5,074 Nilje – Khoni-Antarli
₹9,301 - ₹8,861
Shilphata – Badlapur - ₹7,020
₹7,687

Legend Map
(Price Range (₹ per sqft)

As per current registration data from IGR

Avg. Macro Market Kalher

₹7,927 Fastest Rising Locality
Current Price (28.5%)

Highest Current Dombivli West Median Macro-

₹7,933
Price Locality ₹10,610 Market Current Price

Lowest Current Mumbra

4 Year CAGR 5.8%
Price Locality ₹5,074

Source: CREDAI MCHI - CRE Matrix Research 11

 MMR Property Tracker | Feb 2021

Shri Boman Irani Shri Pritam Chivukula Dr. Adv. Harshul Savla
President-Elect Secretary Research Convener

CREDAI-MCHI is an apex body consisting of members from the Real

Estate Industry among Mumbai Metropolitan Region (MMR). It is the
most prominent and the only recognized body of Real Estate
Developers in MMR.
We bring together members dealing in Real Estate Development on one common platform to address various
issues facing the Industry. With a strong Membership of over 1400 leading Developers in Mumbai, CREDAI-MCHI
has expanded across MMR, having its own units in the region of Thane, Kalyan-Dombivali, Mira-Virar, Raigad and
Navi Mumbai. CREDAI-MCHI is recognized by Government of Maharashtra and the Central Government and
helps in meeting their objectives of providing housing, which is a basic necessity. CREDAI-MCHI is responsible for
a host of important activities which includes providing research, statistics and general information to the
members.

If it is registered in India, we've got it covered.

We have developed proprietary algorithms that relentlessly provide up-to-date
information and enable deep data analytics across sectors and geographies. CRE Matrix
aims to be the largest custodian of registered information in the real estate sector.
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