With 32% of total absorption (by units) and 46% of total absorption (by value) in the Top Seven Indian Markets, the Mumbai Metropolitan Region was the top performer in overall residential activity in 2020. Mega infrastructure projects will enhance the connectivity in the city, making it further attractive.
Western: The operational metro line 1 connects micro-market to the Eastern Suburbs micro-market, and the upcoming metro lines 2A, 2B and 6 are expected to enhance the micro-market’s connectivity to various parts of the city
Eastern: The upcoming metro line 3 is expected to boost connectivity from Wadala to Thane and the upcoming large office spaces in Vikhroli, Kanjur Marg are expected to further enhance customer demand in this micro-market
South Central: Upcoming underground metro line 3 is expected to further boost the micro-market’s connectivity to locations within the MMR
Largest Market Share
In the last six years, the Top Seven Indian Markets witnessed cumulative sales of ₹ 11,881 billion of organized residential developments. With maximum share of absorption and highest capital pricing in the Top Seven Indian Markets, the Mumbai Metropolitan Region (MMR) contributed approximately 32% to 46% in the overall sales value in the last six years. Assuming a similar gross profit margin across different markets, the MMR is likely to have the highest gross profit pool among the Top Seven Indian Markets.
India's Financial Centre
Mumbai is the entertainment, fashion and financial capital of India, and currently has the highest GDP in the country, in terms of purchasing power parity. Mumbai is a major consumption centre in India with a population of approximately 20 million in the urban agglomeration, and accounted for 6% of India’s GDP, 70% of maritime trade and 25% of industrial production in 2020. Mumbai has high-quality infrastructure with over 250 industrial parks and accounted for ₹ 1.91 trillion in corporate taxes in FY 2020.
- The Coastal Road from Kandivali in Western Mumbai to Nariman Point in South Mumbai will be instrumental in decongesting traffic.
- Connecting Sewri in Mumbai to Nhava Sheva in Navi Mumbai, the Mumbai Trans Harbour link is an under-construction 21.8 kilometres, freeway grade road bridge connecting the Indian city of Mumbai with Navi Mumbai, its satellite city. When completed, it would be the longest sea bridge in India.
- The upcoming Navi Mumbai International Airport being built by the Adani group, is coming up at Ulwe, Panvel. It will serve in parallel with Mumbai’s existing Chhatrapati Shivaji Maharaj International Airport(CSMIA), becoming the second airport of the Mumbai Metropolitan Region. Once completed, both airports will serve as India’s first urban multi-airport system. It will be connected with Navi Mumbai Metro’s Line 1 and with the proposed Mumbai Metro’s Line 8 (Gold Line). In the proposed Mumbai-Hyderabad High-Speed Rail (HSR) corridor from Mumbai to Hyderabad, the airport will be the starting point of the corridor, by having a terminal station.
- SEWRI – WORLI connector will reduce travel time from 60 mins to 10 mins. It will also cater to the Mumbai Trans Harbour link.
- Goregaon Mulund Link Road (GMLR) is an elevated road reducing traffic congestion and reducing travel time between western suburbs of Goregaon and eastern suburbs of Mulund.
- 12 kms Borivali to Thane twin tunnel project, passing underneath the Sanjay Gandhi National Park.
- MAHA MUMBAI METRO
Original Mumbai Metro master plan
|Line||Name of the corridor||Length (km)|
|1||Versova – Andheri – Ghatkopar||11.07|
|2||Bandra – Kurla – Mankhurd||13.37|
|3||Colaba – Bandra – Seepz||38.24|
Name of the corridor
|4||Charkop – Dahisar||7.5|
|5||Ghatkopar – Mulund||12.4|