Mumbai Sees Surge in Larger Flats

05 Aug 2024 CW Team

Mumbai's real estate market is experiencing a notable shift, with property buyers increasingly demanding larger flats. Registration of residential properties has surged by 16% in July, reflecting this growing preference.

The trend towards larger flats is driven by several factors, including the desire for more space due to changing lifestyles and increased work-from-home arrangements. Buyers are looking for homes that offer additional room for family members and home offices, highlighting a shift in priorities post-pandemic.

The rise in registrations indicates a robust demand for bigger living spaces, which could lead to a shift in market dynamics. Real estate developers are likely to respond by focusing more on projects offering spacious apartments to meet this new demand trend.

This increased interest in larger flats is also contributing to the overall recovery of Mumbai's real estate sector, which has been gaining momentum following a period of slower activity. The 16% increase in registrations is a positive sign of growing consumer confidence and market vitality.

Developers and investors are expected to adapt to this trend by incorporating more spacious designs in their upcoming projects. This shift could reshape the landscape of residential property offerings in Mumbai, catering to the evolving needs of buyers.

Overall, the heightened demand for larger flats in Mumbai underscores changing residential preferences and signals a positive trajectory for the city's real estate market.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..