MMR Property Tracker May2022

Real Estate Market Research
MMR Property
Tracker
May 2022
MMR Property Tracker | May 2022
Message From The

President’s Desk
The last few years have brought unprecedented
challenges and opportunities for our vibrant and
dynamic industry! CREDAI-MCHI remains committed to
the advancement of real estate knowledge, education,
and outreach. The immense effort and determination of
our past leaders to bring together diverse real estate
expertise into a cohesive and communicative chamber
has helped the industry a lot and will continue to do so.
CREDAI-MCHI in partnership with CRE Matrix strives to

make further advancements in fact-based research
affecting the entire real estate space in MMR. By
communicating our research and our expertise to the
industry, the public, and academia, we will expand our
influence and engagement with the real estate fraternity.
CREDAI-MCHI strives for providing research-based

market analysis to provide a comprehensive picture of
the real estate market in MMR. We are proud to have CRE
MATRIX as our research and analysis partner. This report
has been exclusively conducted by CREDAI-MCHI and Boman Irani
CRE Matrix and reflects a good start in the first quarter of President
the fiscal year 2022.
I wish to express my heartfelt appreciation to the teams of CRE MATRIX and CREDAI-MCHI for their
outstanding work. This report is aimed towards the philosophy of CREDAI-MCHI ‘to create new value
and inspiration in all aspects of real estate in MMR.’ The aim of this joint research is to facilitate the
members of CREDAI-MCHI and the entire real estate fraternity with future trends and to create
exclusive niches for continued sales in the market.
This particular report allows the readers to understand the pricing and category matrix of housing
supply in the MMR region. The report provides conclusions about the dynamic sales data which
impacts the overall market.
I’m glad to share the value-driven conclusions basis this report which proudly pegs the total value of
units registered in MMR at INR 71210 Cr between Nov. 21 to March 22. Out of this, the south Mumbai
contributed INR 4502 Cr for the same timeline. This indicates the bouncing of South Mumbai micro
market. Micro markets like Vasai-Virar have surged in housing demand in March 2022 which is a very
promising trend observed. The report also indicates a rise of 12.5% psqft in sales rates from March 2018
to March 2022.
Best,
Boman Irani
President
CREDAI-MCHI
Message From The

CEO’s Desk
Season’s Greetings to Everyone!
I am pleased to release another report as part of our tie-

up with CREDAI MCHI as their Knowledge and Research
Partner. Through this partnership, CRE Matrix aims to
offer Thought Leadership Research & Analytics content
strictly using authentic verified sources to CREDAI MCHI
members.
CRE Matrix is India’s most trusted source for complete

Real Estate Intelligence. CRE Matrix has developed
proprietary algorithms that relentlessly provide up-to-
date information and enable deep data analytics across
sectors and geographies.
CRE Matrix is one of the largest custodians of registered

information in the real estate sector. Asset Comparison,
Valuations, Demand / Supply Analysis, Property
Benchmarking and Predictive Analytics for accurate Real
Estate forecasting are some of our services. I am
delighted to release the CREDAI MCHI – CRE Matrix Abhishek Kiran Gupta
research report on MMR Housing Market. CEO, CRE Matrix
Happy to share some Key take-aways:
• Average value of flat sold in MMR in the month of March increased by 12.5% from Mar’18 to Mar’22
• Vasai-Virar has seen a significant rise of 162% of total area sold in Mar’22 as compared to Mar’18
period.
• In Central Mumbai, total number of units sold in Mar’22 has increased by 121% as compared to
Mar’18.
• Thane City has seen a significant growth in value of units sold over the past 5 month, with a
monthly growth rate of 25%.
• In Central Suburbs, the total value of units sold has witnessed a sequential growth of 114% from
Nov’19 to Mar’22.
• In Western Suburbs, average value of units sold with an increase of 7% over the Mar’21 to Mar’22.
• Overall MMR has registered an increase of 12.5% in the rate per square feets from Mar’18 to
Mar’22.
We, CRE Matrix are passionate about our work, our data, our analysis and look forward to a long
innings with CREDAI MCHI. We invite each and all members of CREDAI MCHI to approach us for
any queries they may have on this report or otherwise.
Regards,
Abhishek Kiran Gupta
CEO & Co-Founder
CRE Matrix
71,210 Cr 15%
Value of Units Avg. Monthly Growth
Registered Rate of Value of
Units Registered
Nov’21 – Mar’22
7% 10%
Annualised growth rate of Annualised growth rate of
Total Area of Units Booked Avg. Value of Units Booked
MMR in March in last 5 years in March in last 5 years
Mar’18 – Mar’22
Property Sales Registrations Property Sales Registrations

Nov’21 – Mar’22 March only
35,000
₹23,427 Cr. 25,000 50,000 50,000
₹34,016 Cr.
30,000
₹13,718 Cr. 20,000 40,000 40,000
₹23,427
25,000 Cr.
# of Units
# of Units
₹13,193 Cr. 30,000 ₹15,807 Cr. 30,000

15,000
₹ Cr
20,000 ₹10,931 Cr.

₹12,226 Cr.
₹ Cr
₹9,941 Cr.
15,000
10,000 20,000 ₹6,931 20,000
Cr.
10,000
5,000 10,000 10,000

5,000
15,881 12,631 15,842 19,062 29,445 22,130 20,205 12,112 41,507 29,445
0 0 0 0
Nov'21 Dec'21 Jan'22 Feb'22 Mar'22 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22
# of Units Sold Total Value of Units Sold # of Units Sold Total Value of Units Sold
Experiencing a dip after Nov’21, the total value of units sold showed a sequential growth of 136% from
Dec’19 to Mar’22. MMR has witnessed a significant positive growth of 12.5% on rate per unit area sold
from Mar’18 to Mar’22, with an annualised growth rate of 3%. The number of units sold in Mar’22
increased by 48% as compared to the same month in 2018.
1.7X 48.2%
Growth in Value of Property Sold in Growth in Total Value of Property Sold In
Mar’22 vs Feb’22 Mar’22 vs Mar’18
CREDAI – MCHI | CRE Matrix | Source : MahaRERA and CRE Matrix Research 3
4,502 Cr 16%
Units Registered
8.3% 8.3%
SOUTH in March in last 5 years in March in last 5 years
MUMBAI Mar’18 – Mar’22

600 1,600 900 ₹2,207 Cr. 2,500
₹1,376 Cr.
1,400 800
500
2,000
₹809 700
₹1,376
1,200
Cr.
# of Units
400 600
Cr.
₹886 Cr.
# of Units
1,000 ₹1,001 Cr.

1,500
₹ Cr
₹770 Cr. 500

₹661 Cr.
₹ Cr
300 800
₹607 Cr.
400
1,000
600 ₹336
200 300
Cr.
400
200
500
100
200 100
252 266 246 335 557 330 263 143 858 557
0 0 0 0
South Mumbai has always been one of the most prominent localities in MMR. Renewed enthusiasm
from HNI’s has led to a significant increase in the number of units sold in Mar’22 by a whooping 68.8%
as compared to the same month in 2018. Value of sale registrations is trending upwards, portraying a
positive prospects for the upcoming months.
1.7X 37.5%
9,011 Cr 10%
Units Registered
18% 16.5%
CENTRAL in March in last 5 years in March in last 5 years
MUMBAI Mar’18 – Mar’22

1,100 ₹4,584 Cr.
₹3,157 Cr. 3,500 1,400 5,000
1,000 4,500
3,000 1,200 ₹3,157
900 4,000
Cr.
800 ₹2,178 Cr. 2,500 1,000 3,500
# of Units
₹1,506 Cr.
700
# of Units
3,000
₹ Cr
₹1,293 2,000 800

600
₹ Cr
Cr. ₹1,712 Cr. 2,500
500
1,500 600 ₹1,460 Cr.
₹877 Cr. 2,000
400 ₹713
1,000 400 Cr. 1,500
300
200 1,000
500 200
100 500
503 370 341 426 994 449 345 195 1,304 994
0 0 0 0
As the grave repercussions of COVID-19 subsided, relaxations acted as a catalyst and catapulted the
value of property sales registrations by a 543% in Mar’21 as compared to the Mar’20. The number of
units sold in Mar’22 also increased by 121.4% as compared to the same month in 2018.
2.1X 84.4%
4,140 Cr 21%
Units Registered
11.4% 12%
CENTRAL in March in last 5 years in March in last 5 years
SUBURBS Mar’18 – Mar’22

Nov'21 – Mar'22 March only
₹1,881 Cr.
900 1,800 1,200 2,000
₹1,537 Cr.
₹1,537 Cr.
800 1,600 1,800
1,000
1,600
700 1,400
1,400
# of Units
600 1,200 800

₹717 Cr.
# of Units
₹981 Cr.
1,200
₹ Cr
500 1,000
₹ Cr
₹718 Cr. 600 1,000
₹605 Cr. ₹524 Cr.
400 800
₹563 Cr. ₹353 800
300 600 400 Cr.
600
200 400 400

200
100 200 200
342 246 360 454 837 511 342 189 1,092 837
0 0 0 0
The number of units sold in Mar’22 increased by 64% as compared to the same month in 2018. In the
past 4 months, Central suburbs has seen a sequential increase of 173% in the value of units sold from
Nov’21 to Mar’22.
2.1X 56.7%
9,449 Cr 18%
Units Registered
11.5% 13.6%
EASTERN in March in last 5 years in March in last 5 years

3,000 ₹3,560 Cr. 4,000 4,000 ₹4,790 Cr. 6,000
3,500 3,500 ₹3,560

2,500 5,000
Cr.
3,000 3,000
₹1,912 Cr.
# of Units
2,000 4,000
# of Units
2,500 2,500
₹2,138 Cr.
₹ Cr
₹1,817 Cr.
₹ Cr
1,500 ₹1,510 Cr. 2,000 2,000 3,000
₹1,254 Cr.
₹650 1,500 1,500
₹757 2,000
1,000
Cr. Cr.
1,000 1,000
500 1,000
500 500
1,508 623 1,306 1,548 2,845 1,686 1,122 721 3,784 2,845
0 0 0 0
Eastern Suburbs experienced a positive price rise in the rate per square units by 7.8% increase from
Mar’18 to Mar’2022. The number of units sold in Mar’22 increased by 68.7% as compared to the same
month in 2018. Since the past 5 months, Eastern suburbs has seen an increase of 96% in the value of
units sold from Nov’21 to Mar’22.
1.9X 66.5%
17,855 Cr 12%
Units Registered
5% 10%
WESTERN in March in last 5 years in March in last 5 years

4,500 ₹5,473 Cr. 6,000 8,000 ₹9,150 Cr. 10,000
4,000 9,000
7,000
5,000
₹5,473 8,000
3,500 ₹3,046
6,000
₹3,447 Cr. Cr. Cr. 7,000
# of Units
3,000 4,000
₹3,193 Cr.
# of Units
5,000
₹3,769 Cr. 6,000
₹ Cr
₹2,696 Cr.
2,500
₹ Cr
3,000 4,000 ₹2,763 Cr. 5,000
2,000 ₹1,444
4,000
3,000 Cr.
1,500 2,000
3,000
2,000
1,000
2,000
1,000
500 1,000
1,000
2,306 2,070 2,034 2,325 3,824 3,198 2,435 1,373 6,841 3,824
0 0 0 0
Western Suburbs experienced a positive price rise in the rate per square units by 20.1% increase from
Mar’18 to Mar’22. The number of units sold in Mar’22 increased by 19.6% as compared to the same
month in 2018. Since the past 5 months, Western suburbs has seen an increase of 59% in the value of
units sold from Nov’21 to Mar’22.
1.8X 45.2%
5,569 Cr 25%
Units Registered
3.2% 3.9%
in March in last 5 years in March in last 5 years
THANE CITY

₹1,878 Cr.
2,500 2,000 4,000 3,500
₹3,047 Cr.
₹1,284 Cr. 1,800
3,500 3,000
2,000 1,600 ₹1,878
3,000
Cr. 2,500
1,400
# of Units
₹1,105 Cr. ₹1,610 Cr.

# of Units
2,500
1,500 1,200
₹ Cr
2,000
₹758 Cr. ₹1,128 Cr.
₹ Cr
1,000 2,000
₹544 Cr.
₹662 Cr. 1,500
1,000 800
1,500
600 1,000
1,000
500 400
500 500
200
963 645 1,308 1,519 2,200 1,847 1,467 884 3,648 2,200
0 0 0 0
Experiencing a dip after Nov’21, the total value of units sold showed a sequential growth of 148%. The
number of units sold in Mar’22 increased by 19.1% as compared to the same month in 2018. Thane city
witnessed a growth of 2.8% from Mar’18 to Mar’22.
1.5X 16.6%
1,631 Cr 17%
Units Registered
0.2% 4.8%
NAVI MUMBAI

₹536 Cr. 600 ₹846 Cr.
800 1,400 900
700 800
1,200
500
₹315 Cr. 700
600 ₹536 Cr.
1,000
# of Units
₹287 Cr. 400 ₹445 Cr. 600

# of Units
500 ₹448 Cr.

₹278 Cr.
₹ Cr
800 500
₹ Cr
400 300 ₹232
₹215 Cr. 400
600 Cr.
300
200 300
400
200
200
100 200
100 100
481 315 420 484 736 803 712 404 1,285 736
0 0 0 0
Experiencing a dip after Nov’21, the total value of units sold showed a sequential growth of 133%. Navi
Mumbai experienced a positive price rise in the rate per square units by 19.6% increase from Mar’18 to
Mar’22 with a CAGR of 4.6%.
1.7X 20.4%
2,447 Cr 12%
Units Registered
1% 2.1%
MIRA in March in last 5 years in March in last 5 years
BHAYANDAR Mar’18 – Mar’22

1,400
₹661 Cr. 700 2,500 1,200
₹558 Cr. ₹1,096 Cr.
1,200 600
1,000
₹475 Cr. 2,000
₹608 Cr.
1,000 500 ₹661 Cr.
# of Units
₹415 Cr.
₹621 Cr. 800
# of Units
1,500
₹ Cr
800 ₹338 Cr. 400

₹303 Cr.
₹ Cr
600
600 300
1,000
400
400 200
500
200
200 100
840 682 946 1,058 1,272 1,457 1,347 687 2,342 1,272
0 0 0 0
Experiencing a dip after Nov’21, the total value of units sold showed a sequential growth of 86%. Mira
Bhayandar experienced a positive price rise in the rate per square units by 4.4% increase from Mar’18 to
Mar’22.
1.2X 8.7%
4,862 Cr 19%
Units Registered
11.1% 14.6%
KDMC & in March in last 5 years in March in last 5 years
OTHERS Mar’18 – Mar’22

5,000 ₹1,613 Cr. 1,800 6,000
₹1,613 Cr. 1,800
₹1,613 Cr.
4,500 1,600 1,600
₹1,127 Cr. ₹1,168 Cr.
5,000
4,000
1,400 1,400
₹936 Cr.
3,500
# of Units
1,200 4,000 1,200

# of Units
3,000
₹ Cr
₹798 Cr. ₹754 Cr. 1,000 1,000
₹ Cr
2,500 3,000 ₹535
800 Cr. 800
2,000 ₹570 Cr.
600 2,000 600
1,500
400 400
1,000
1,000
500 200 200
2,006 1,405 2,126 2,865 4,367 2,653 4,034 1,629 5,094 4,367
0 0 0 0
Experiencing a dip after Nov’21, the total value of units sold showed a sequential growth of 13.1%. The
number of units sold in Mar’22 increased by 64.6% as compared to the same month in 2018. This region
witnessed an increase of 65% in the number of units sold in Mar’22 vs Mar’18.
1.4X 72.3%
1,357 Cr 18%
Units Registered
3.1% 5%
BADLAPUR - in March in last 5 years in March in last 5 years
AMBERNATH Mar’18 – Mar’22

₹404 Cr. 450 ₹472 Cr.
1,800 2,000 500
₹404 Cr.
1,600 400 ₹333 Cr. 450
1,750
₹274 Cr.
₹288 Cr. 400
1,400 350
1,500
₹272 Cr. 350
# of Units
1,200 300
# of Units
1,250
300
₹ Cr
₹199 Cr. ₹183 Cr.

1,000 ₹208 Cr. 250
₹ Cr
1,000 250
800 200
200
750
600 150
150
500
400 100
100
200 50 250
50
846 1,134 819 1,126 1,683 1,498 1,256 787 1,947 1,683
0 0 0 0
Badlapur-Ambernath witnessed an increase of 94% in total value of units sold from Nov”21 to Mar’22.
The number of units sold in Mar’22 increased by 12.3% as compared to the same month in 2018. In terms
of the number of units sold, this region witnessed an increase of 12.3% from Mar’18 to Mar’22.
1.5X 21.3%
991 Cr 19%
Units Registered
4.9% 3.6%
BHIWANDI Mar’18 – Mar’22

₹321 Cr.
1,400 350 2,250 ₹530 Cr. 600
2,000
1,200 300
500
₹199 Cr.
1,750
1,000 250
# of Units
₹279 Cr. ₹321 Cr.

1,500 400
# of Units
₹167 Cr.
₹ Cr
800 ₹161 Cr. 200 1,250

₹180 Cr.
₹ Cr
₹143 Cr. 300
1,000 ₹181 Cr.
600 150
750 200
400 100
500
100
200 50
250
649 617 726 787 1,227 999 793 721 1,948 1,227
0 0 0 0
In Bhiwandi, from Nov’21 to Mar’22, the total value of units sold showed a sequential growth of 89%.
Witnessing an increase of 21.1% in total area sold in Mar’22 as compared to Mar’18. The number of units
sold in Mar’22 increased by 22.8% as compared to the same month in 2018.
1.6X 15%
866 Cr 23%
Units Registered
5.5% 8.3%
GREATER in March in last 5 years in March in last 5 years
THANE Mar’18 – Mar’22

₹271 Cr.
1,000 300 1,200 400
₹343 Cr.
900 ₹226 Cr.
350
250 1,000 ₹271 Cr.
800
300
₹197 Cr.
700
# of Units
200 800
# of Units
₹146 Cr. 250

600
₹ Cr
₹130 Cr.
₹115 Cr.
₹ Cr
500 ₹117 Cr. 150 600 200
₹104 Cr.
400
150
100 400
300
100
200
50 200
50
100
420 394 498 693 858 670 422 444 1,062 858
0 0 0 0
Experiencing a dip after Nov’21, the total value of units sold showed a sequential growth of 118%.
Witnessing an increase of 23.7% in total area sold in Mar’22 as compared to Mar’18. The number of units
sold in Mar’22 increased by 28.1% as compared to the same month in 2018.
1.2X 37.6%
2,376 Cr 13%
Units Registered
27.3% 28.3%
VASAI-VIRAR Mar’18 – Mar’22

₹750 Cr. 800
2,750 3,500 ₹992 Cr. 1,200
2,500
700 3,000
₹479 Cr. 1,000
2,250
₹750 Cr.
600
2,000 2,500
# of Units
₹461 Cr. ₹509 Cr. 800

1,750
# of Units
₹401 Cr. 500

₹ Cr
2,000
1,500
₹ Cr
₹285 Cr. 400 ₹344 Cr. 600
1,250 ₹277 Cr.
1,500
1,000 300
400
750 1,000
200
500 200
100 500
250
1,537 975 1,444 1,702 2,527 1,145 1,977 1,309 3,301 2,527
0 0 0 0
Experiencing a dip after Nov’21, value of units sold from Dec’21-Mar’22 showed a sequential growth of
159%. Witnessing an increase of 162.3% in total area sold in Mar’22 as compared to Mar’18. The number
of units sold in Mar’22 increased by 120% as compared to the same month in 2018.
1.6X 170%
752 Cr 14%
Units Registered
10.5% 12.9%
REST OF Mar’18 – Mar’22
PALGHAR
1,300 ₹216 Cr. 250 2,000 ₹367 Cr. 400
1,200
1,800
₹155 Cr. 350
1,100
200 1,600
1,000 300
1,400 ₹216 Cr.
# of Units
900
# of Units
₹126 Cr. 250

800 ₹129 Cr. ₹126 Cr. 150 1,200
₹ Cr
₹133 Cr.
700
₹118 Cr.
₹ Cr
1,000 200
600
100 800 ₹94 Cr.
500 150
400 600
300 100
50 400
200
50
200
100
622 647 679 782 1,139 749 506 582 1,746 1,139
0 0 0 0
The rest of Palghar experienced a sequential growth from Nov’21 – Mar’22 of 83% in the total value of
units sold. Witnessing an increase of 49.2% in total area sold in Mar’22 as compared to Mar’18. The
number of units sold in Mar’22 increased by 52.1% as compared to the same month in 2018.
1.6X 62.4%
4,328 Cr 16%
Units Registered
4.6% 6.9%
PANVEL Mar’18 – Mar’22

3,500 1,600 4,000 ₹1,657 Cr. 1,800
₹1,363 Cr.
₹1,363 Cr.
1,400 3,500 1,600
3,000
₹911 Cr. ₹1,042 Cr.

1,400
1,200 3,000
2,500
# of Units
₹758 Cr. 1,200

# of Units
₹755 Cr. 1,000 2,500

₹747 Cr.
₹ Cr
2,000 1,000
₹ Cr
₹552 Cr. 800 2,000
₹471
1,500 800
Cr.
600 1,500
600
1,000
400 1,000
400
500 200 500 200

2,010 1,512 1,944 2,256 3,277 2,729 1,909 1,261 3,698 3,277
0 0 0 0
Experiencing a dip after Nov’21, the total value of units sold from Dec’21 – Mar’22 showed a sequential
growth of 147%. Witnessing a increase of 9.15% in total area sold in Mar’22 as compared to Mar’18. The
number of units sold in Mar’22 increased by 30.8% as compared to the same month in 2018.
1.5X 30.8%
1,074 Cr 17%
Units Registered
-11.1% -2.6%
REST OF Mar’18 – Mar’22
RAIGAD
1,300 ₹311 Cr. 350 1,800 500
₹441 Cr.
₹346 Cr. 450
1,600
1,100 300 ₹309 Cr.
400
₹200 Cr. 1,400 ₹311 Cr.
350
# of Units
900 250
₹207 Cr. 1,200
# of Units
₹184 Cr. ₹169 300

₹ Cr
₹172 Cr. 1,000 Cr.

700 200
₹ Cr
250
800
500 150 200
600
150
300 100 400
100
200 50
100 50
596 730 645 702 1,102 1,406 1,275 783 1,557 1,102
0 0
-100 Nov'21 Dec'21 Jan'22 Feb'22 Mar'22 0 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22
Coming out as one of the most underperforming macromarkets in all of MMR region. Witnessing a
decrease of 58.5% in total area sold in Mar’22 as compared to Mar’18. The number of units sold in
Mar’22 increased by 47% as compared to the same month in 2018.
1.6X 1.8X
Macro | Micro Market Mapping
South Mumbai Central Suburbs Eastern Suburbs
Malabar Hill Kurla Ghatkopar West Vikhroli East
Bandra West Asalpha Kanjurmarg East

Colaba
Sion Ghatkopar East Bhandup East
Byculla
Bandra East Bhandup West Trombay
Tardeo
Khar
Kanjurmarg West Vikhroli West
Marine Lines
Santacruz East
Mulund East Mankhurd
Fort Dharavi
Powai Govandi
Masjid Bandar Kalina
Chembur Mulund West
Girgaon Santacruz West
Wadala
Mumbai Central Western Suburbs
Palghar
Bhuleshwar Malad West
Jawhar Umberpada
Madh
Kalbadevi
Andheri East Vadavali Tarf Poulbar Haloli
Mazgaon Andheri West Varsale Sarshi
Borivali West Wada Kelwa

Central Mumbai
Malad East Sakawar Charoti
Worli Jogeshwari East Dapchari Dapchari
Wadala Borivali East Charoti Vangaon
Juhu Khanivali Dahanu
Lower Parel
Kandivali West
Vikramgad Boisar
Dadar Kandivali East
Manor Manor
Mahim Vile Parle East
Gangodi Sakawar
Dahisar East
Mahalakshmi Khodala Haloli
Vile Parle West
Matunga Chendavali Boisar
Goregaon West
Goregaon East Lakshminagar Kelwa
Sewri
Jogeshwari West Talasari Vangaon
Prabhadevi
Gorai Kevanale Palghar Town
Parel Dahisar West Dahul Manor
Vasai-Virar Raigad
Sakawar Patnus Agardanda Chirner Morba
Naigaon Murud Revdanda Ambeghar Shrivardhan

Tala Diksal Takave Mhasala
Virar
Nhave Durshet Khopoli Mahad
Nalasopara
Pachhapur Dighode Dasturi Mangaon
Waliv
Kolad Sai Kalote Mokashi Umarath
Vasai
Gomashi Nagothane Bhalgul Lonere
Navghar
Yerad Amtem Savroli Tala
Nalasopara East
Kashid -Phansad Poynad Bhonang Birwadi
Nalasopara West
Roha Kihim Nagaon Nizampur
Vasai West
Raigad Fort
Korlai Pirkon Pen
Vasai East Natural Reserve
Bhonang Waje Salokh Kumbhe
Bhagad Ransai Revoli Harihareshwar
Panvel
Nagothane Rasayani Falyan Borli Panchatan
Shiravali
Indapur Khandpe Karjat Chichonde
Panvel
Sukeli Gadab Pachhapur Telange
Ulwe Nizampur Neral Karnala Kudgaon
Kharghar Pali Tadgaon Chafewadi Shekhadi

Bharje Pinglas Khanavi Koturde
Uran
Waje Dhagadwadi Panvel Dhokshet Salve
Kamothe Vihour Mangrul Pali Kakal

Bhalgul Aghai Matheran Sangvi
Taloja
Sanegaon Nigade Ulwe Indapur
Dighode
Potner Alibag Poladpur
Karanjade Kanti Vashi Thakroli Agardanda
Kalamboli Kumbhe Chouk Kanghar
Thane Navi-Mumbai
Sanpada
Ambarnath Apate Umbroli Khed Vashind
Seawoods
Badlapur Pimpalghar Singapur Julawani Asangaon
Rabale
Vangani Dahagaon Koshimbi Karav Atgaon
Nerul
Bhiwandi Kelhe Sontakka Dhasai Khutghar
CBD Belapur
Vaghivali Malegaon Nyahadi Khambale Pashane
Juinagar
Sawandhe Savaroli Lingayate Sonavale Shahapur
Vashi
Vehele Khardi Davali Dolkhamb Kawadas
Kopar Khairane
Saravali Saralgaon Dhargaon Saralambe Saralambe
Mahape
Lonad Potgaon Ambadi Vadape Shirgaon
Dighe
Dapode Paygaon Dugad Phata Diwanpada Balkum
Turbhe
Anjur Vadghar Dalepada Sawandhe Kasarvadavali
Mankoli Sidhgad Jadai Vaghivali Uthalsar Mira-Bhayandar

Mira Road
Kalher Shere Kalambholi Mangaon Brahmand
Bhayandar West
Shirol Bhadane Shivale Shirgaon Kolshet
Uttan
Ambegaon Uchale Jambhilghar Devchole Waghle Estate
Bhayandar East
Vashind Lahe Atgaon Khandare Mogharpada
Titwala-Ambivli Aghai Mahapoli Shiroshi Pokhran Road Kalyan-Dombivli

Bhayandar - Usatane
Shendrun Ambivali Karavale Ambeshiv Kh
pada
Titwala-Ambivli
Padgha Gorad Kasara Kalbhonde Kopri
Narivali
Tembhe Vashere Pachchhapur Vaveghar Dhokali
Diva
Vashala Bk Gadne Talwade Zadghar Naupada Shilphata
Goveli Shedgaon Dehene Tanasa Panchpakhadi Nilje
Mhasa Badlapur Kakadpada Bandhanwadi Kavesar Khoni-Antarli
Vajreshwari Tokawade Chikhalgaon Koshimbe Majiwade Ulhasnagar
Lonad Partoli Kinhavali Dugad Kalwa Dombivli East

Umbharli
Chimbipada Ganeshpur Pilanze Kh. Asnoli Owala
Mumbra
Murbad Sajivali Nandkar Sathgaon Manpada
Dombivli West
Gegaon Adivare Veluk Bursunge Yeoor Hills
Pisavli
Mangaon Kalyan
About CREDAI MCHI
Dhaval Ajmera Dr. Adv. Harshul Savla

Hon. 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
Authors
Rishabh Soni
Senior Research Analyst
amit.gaurav@crematrix.com
Saurav Loharuka
Co-founder & Residential Head
sauravloharuka@crematrix.com
Abhishek Kiran Gupta

CEO & Co-founder
abhishekkirangupta@crematrix.com
About us
CRE Matrix www.crematrix.com

India’s most trusted source for complete real estate
intelligence, CRE Matrix has developed proprietary info@crematrix.com
algorithms that relentlessly provide up-to-date information
and enable deep data analytics across sectors and
geographies. CRE Matrix’s clients include some of the largest +91 9820312065
real estate developers, coworking players, retailers, property
consultants and financial institutions.
1203, 12th Floor, Lodha

Supremus Saki Vihar Rd,
IndexTap Powai, Mumbai 400 072
IndexTap, a product by CRE Matrix, is India’s largest and
most authentic platform that provides comparable
transactions data across residential, commercial and loan
transactions. IndexTap deploys sophisticated algorithms to
empower brokers, buyers and sellers.
CRE Lease Matrix Copyright © 2021 CRE Matrix

Information and data within this report were obtained
Developed by CRE Matrix, using the experience of from sources deemed to be reliable. No warranty or
comprehending around 1 Lakh lease documents, across all representation is made to guarantee its accuracy. No
sectors and all major Indian cities, CRE Lease Matrix is the
Gold Standard in lease management. The platform helps
responsibility is assumed for any inaccuracies. Readers
tenants and landlords reduce operating expenses and are encouraged to consult their professional advisors
identify portfolio opportunities, allowing them to enhance prior to acting on any of the material contained in this
PROFITS, and minimize the decision making cycle. report.

MMR Property Tracker May2022

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Real Estate Market Research

Message From The

CREDAI-MCHI in partnership with CRE Matrix strives to

CREDAI-MCHI strives for providing research-based

Message From The

I am pleased to release another report as part of our tie-

CRE Matrix is India’s most trusted source for complete

CRE Matrix is one of the largest custodians of registered

Happy to share some Key take-aways:

Property Sales Registrations Property Sales Registrations

₹13,193 Cr. 30,000 ₹15,807 Cr. 30,000

20,000 ₹10,931 Cr.

5,000 10,000 10,000

SOUTH in March in last 5 years in March in last 5 years

MUMBAI Mar’18 – Mar’22

Property Sales Registrations Property Sales Registrations

1,000 ₹1,001 Cr.

₹770 Cr. 500

MUMBAI Mar’18 – Mar’22

Property Sales Registrations Property Sales Registrations

₹1,293 2,000 800

SUBURBS Mar’18 – Mar’22

Property Sales Registrations Property Sales Registrations

600 1,200 800

200 400 400

SUBURBS Mar’18 – Mar’22

Property Sales Registrations Property Sales Registrations

3,500 3,500 ₹3,560

SUBURBS Mar’18 – Mar’22

Property Sales Registrations Property Sales Registrations

Property Sales Registrations Property Sales Registrations

₹1,105 Cr. ₹1,610 Cr.

Property Sales Registrations Property Sales Registrations

₹287 Cr. 400 ₹445 Cr. 600

500 ₹448 Cr.

BHAYANDAR Mar’18 – Mar’22

Property Sales Registrations Property Sales Registrations

800 ₹338 Cr. 400

OTHERS Mar’18 – Mar’22

Property Sales Registrations Property Sales Registrations

1,200 4,000 1,200

₹798 Cr. ₹754 Cr. 1,000 1,000

AMBERNATH Mar’18 – Mar’22

Property Sales Registrations Property Sales Registrations

₹199 Cr. ₹183 Cr.

Property Sales Registrations Property Sales Registrations

₹279 Cr. ₹321 Cr.

800 ₹161 Cr. 200 1,250

THANE Mar’18 – Mar’22

Property Sales Registrations Property Sales Registrations

₹146 Cr. 250

Property Sales Registrations Property Sales Registrations

₹461 Cr. ₹509 Cr. 800

₹401 Cr. 500

₹126 Cr. 250

Property Sales Registrations Property Sales Registrations

₹911 Cr. ₹1,042 Cr.

₹758 Cr. 1,200

₹755 Cr. 1,000 2,500

500 200 500 200

₹184 Cr. ₹169 300

₹172 Cr. 1,000 Cr.

Macro | Micro Market Mapping

South Mumbai Central Suburbs Eastern Suburbs