This surge in new housing supply is not only stabilising rental prices but is also expected to enhance the overall residential market by improving affordability and availability
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The mid-range and premium property segments together account for more than 55 per cent of the current supply. Together, they recorded approximately 76,555 units sold in the first quarter of 2024 - nearly 60 per cent of the total sales
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MMR saw 154 high-rise towers (of >40 floors) completed in MMR till 2023; 207+ new towers to be completed b/w 2024-2030, South Central Mumbai has highest share - 103 towers or 29 per cent of skyscrapers supply; 61 complete & 42 to be completed b/w 2024-2030+
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