Latest Trends in Mumbai's Residential Real Estate

1. Micro Flats

The space crunch in Mumbai is not a new discovery or a shocker anymore, what might be a shocker is this new trend of micro flats. As the spaces in Mumbai are being redefined and re-built, there are also ways of living in Mumbai re-imagined. For the people who are accustomed to living in confined spaces or the so called matchbox dwellings have a new micro shelter being offered to them within the city limits.

These micro flats are as small as 189 Sq. Ft. right in the middle of the city costing as low as 53-55 lacs including the stamp duty. This trend will serve the Mumbaikars who don't want to live out of city limits but also can't afford the steep prices that the city offers in terms of housing and accommodation.

2. Affordable Housing

In areas like Powai, Thane & Dombivli, accommodations that are elegant, plush and compact in size are making their way strongly in the affordable housing genre such as dombivali 1 BHK flat. Houses that come under the affordable housing in the Mumbai Metropolitan Region (MMR) are high in terms of standard of living and falls in the below 1 cr segment.  

3. Panvel - house of the IT bugs

Panvel a city which falls on the tri-junction of highways connecting Mumbai, Pune and Goa is becoming the real estate hot spot for people working in establishments like BFSI, MNCs, IT & ITeS offering the best in class standard of living for the people who aspire to have a congenial lifestyle.

At the same time it's becoming a hub for people who want to invest in real estate in the MMR with reputed groups coming in and developing townships and housing projects.

4. A mix of Commercial & Residential: The Business Districts

An emerging trend is seen in areas like Dombivli and Kalyan where business districts are being formed, a hub of real estate which is a mix of residential spaces like flat for sale in Dombivli and commercial spaces like retail, f&b, cineplexes and malls.

These new real estate hubs are emerging quickly and are a success because of the ease of connectivity in the MMR, affordability and the promise of a superior and relaxed standard of living.  What real estate projects are now aiming at is to provide a perfect work/life balance to people and the ones who successfully are able to, end up having amazing property prices.