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MMR records 60,719 home transactions valued at Rs 54,239 crore in Q1CY24; Thane, Dombivali top choices
In MMR, including Mumbai real estate market, micro-markets like Virar West, Ulwe, Kandivali West, and Badlapur East reported around 5,000 residential transactions valued over Rs 2,400 crore.
Mehul R Thakkar April 25, 2024 / 11:15 IST
In Mumbai Metropolitan Region including Mumbai real estate market, properties priced below Rs 50 lakh constituted the majority of transactions at 51%.
In Mumbai Metropolitan Region including Mumbai real estate market, properties priced below Rs 50 lakh constituted the majority of transactions at 51%.
The Mumbai Metropolitan Region (MMR), including the Mumbai real estate market, reported 60,719 residential property transactions worth Rs 54,239 crore in the first quarter of 2024.
Micro-markets like Thane, Dombivali, Mira Road, Virar, Ulwe Kandivali were a few of the most preferred destinations for purchasing residential units, according to data from the Maharashtra government collated by real estate consultancy firm Square Yards.
According to the data, in Q4FY24, MMR reported 46,638 property registrations were reported to have a value of Rs 39,170 crore.
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