1. After almost eight quarters of slow movement of inventory
in Mumbai, marginal improvement was witnessed in
select micro markets at introductory level. Both, end-
users and investors shy away from high valued
apartments, but they continue to show interest in mid-
range and affordable housing projects located in western
suburbs and peripheral areas of Mumbai. This demand
was also driven by various promotional schemes by
developers like waiver of stamp duty & registration fee,
attractive financial plans, freebies, part payment scheme
like pay part down payment now and the rest on
possession etc. in order to revive the demand.
Despite revived interest among buyers, 1Q 2015
witnessed fewer new project launches as compared to
last quarter. This is expected to dip further as developers
are holding back their new launch decisions in view of
further clarification on the new development plan. Some
of the projects launched in the premium segment include,
“Oberoi Eternia” by Oberoi Realty at Mulund, “AltaVista”
by Spenta Corporation at Chembur.
Market Indicators
Relative to prior period 2014 2014 2015 2015F
Market Q3 Market Q4 Market Q1 Market Q2
CAPITALRATE
NEW PROJECTS
CONSTRUCTION
RENTAL RATE
MICRO MARKETS
CAPITAL VALUES
(INR PSF)
% CHANGE
QoQ YoY
Market Trends
MUMBAI | RESIDENTIAL