Mumbai builders to roll out 1,50,000 homes in next three years

12 Apr 2022 CW Team

The real estate market in Mumbai may witness a boost in housing stock as builders are set to roll out at least 1,50,000 homes over the coming three years.

Consequently, the real estate prices could decrease, as per the experts. Last year, the Brihanmumbai Municipal Corporation (BMC) had halved the construction premium for one year creating a beeline of builders asking to benefit from the discount.

Builders have paid a record premium to the tune of Rs 13,543 crore for the development of a 150 million sq ft area.

As per the real estate research company Liases Foras, with an average size of 1,000 sq ft per house, 1,50,000 housing units can be developed on 150 million sq ft space. If these are to be rolled out in three years, an average of 50,000 houses will be issued per year. About 1.5 lakh homes will be added to Mumbai’s unsold inventory, which presently stands at 1,10,000 units.

They will be inundated with record new launches and it will completely be a buyer’s market. Builders will be forced to decrease costs to sell their products, as per Pankaj Kapoor, managing director, Liases Foras. He told the media that an average of 20,000 new homes were rolled out yearly for years which will increase to at least 50,000. It implies that the city will get more than double the current supply of homes which will change the dynamics of this sector.

Additionally, he said that the builders must roll out their projects as they have already paid the total premium amount. There is an interest cost linked to this premium amount which the builder had paid, and thus they cannot afford to delay their launches. They will be commencing their projects within the coming three years.

Image Source

Also read: Mumbai's property registrations witnesses robust momentum in Feb

Infrastructure Energy

25 Jun 2026

Centre Prioritising Energy Security With Coal Gasification

Union minister for Coal and Mines G Kishan Reddy said the Centre is prioritising energy security through a strategic shift to coal gasification and has announced incentives totalling Rs 460 billion (bn) to support the effort. He said more than 35 companies will start coal gasification activities in India within two months and that the government is encouraging firms that bring technology to close the domestic technology gap. The minister described the initiative as aimed at reducing import dependence and developing indigenous capacity. India has the fifth-largest coal reserve in the world, and..

BHEL and Coal India Invest Rs 250 bn in Odisha Gasification

Bharat Heavy Electricals (BHEL) and Coal India (CIL) are jointly investing Rs 250 billion in a coal gasification project in Odisha, with the Prime Minister laying the foundation stone in Jharsuguda. Union Coal and Mines Minister G Kishan Reddy described the initiative as a transformative shift in coal utilisation that will open industrial avenues for the state. The project moves coal beyond conventional power generation to industrial feedstocks. Coal gasification will convert coal into synthesis gas, a versatile feedstock for chemicals, fertilisers and synthetic fuels, and the technology is ex..

BCCL Hands Over Dugdha Coal Washery To JSW Steel

Bharat Coking Coal has handed over the Dugdha Coal Washery to JSW Steel, marking the first coal washery asset monetisation under the Ministry of Coal's asset monetisation programme. The handover took place in the presence of senior officials from Bharat Coking Coal Ltd, JSW Steel and JSW Energy. The washery has a capacity of two million tonnes per annum (mn t per annum), and its transfer is intended to introduce private sector practices into coal beneficiation operations. The monetisation is aimed at modernising coal sector assets, improving operational efficiency and enhancing resource utilis..