{"id":24088,"date":"2013-09-11T11:21:48","date_gmt":"2013-09-11T05:51:48","guid":{"rendered":"http:\/\/www.bharatestates.com\/blog\/?p=24088"},"modified":"2020-06-15T03:41:58","modified_gmt":"2020-06-14T22:11:58","slug":"24088-18000-new-residential-units-launched-in-mumbai-till-june-2013","status":"publish","type":"post","link":"https:\/\/www.bharatestates.com\/blog\/24088-18000-new-residential-units-launched-in-mumbai-till-june-2013\/","title":{"rendered":"18,000 New Residential Units Launched in Mumbai Till June 2013"},"content":{"rendered":"<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-24090\" alt=\"mumbai  residential\" src=\"https:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/09\/noida.jpg\" width=\"300\" height=\"250\" \/>Mumbai<\/strong>: The real estate scenario in most of the big cities of India can be on the verge of seeing a massive downturn. But that has not stopped developers from bringing into the <a href=\"https:\/\/www.bharatestates.com\/blog\/a-look-into-the-mumbai-real-estate-market\/\" target=\"_blank\">Mumbai real estate market<\/a> new residential units because through the price of real estate has proven too dear for the average Indian, the demand for housing has not declined. Within the first half of 2013, till June, about 18,000 residential units had been launched in the Mumbai market. According to Cushman and Wakefield, who produced the report, Mumbai has witnessed a rise of 30% in the number of housing units being launched as compared to the same time period last year.30% of these units are situated in the western suburbs like Andheri, Malad, Goregaon and Bandra. 24% of the launches occurred in Navi Mumbai. A large township has been launched in Panvel. In the central suburbs within the stretch between Kurla and Mulund 20% of the new launches have occurred. Two large housing projects have been launched in Mulund. Housing projects have also been launched in Kanjumarg, Ghatkopar and Chembur.In the major submarkets like South Central, South Mumbai and Western Suburbs capital values have increased within a range of 17-24%. In the submarkets of Thane, Navi Mumbai and Central suburbs capital values have increased by 3-6% in the high and mid-end section due to the rise of input costs.Executive Director Shveta Jain of Residential Services, Cushman &amp; Wakefield, &#8220;The share of the high-end segments in new launches has increased substantially in spite of stagnant demand levels in the city. This is largely due to aspects like high land prices and development cost that developers have chosen to go for higher ticket size projects even while the demand is more for affordable and mid &#8211; end segments.&#8221;As demand for housing units has declined considerably due the high prices, developers are now looking to build smaller units which would reduce the cost of input and increase sales.<span style=\"left:100%;display:inline-block;position:fixed\"><a href=\"http:\/\/rusbankinfo.ru\/\">\u0437\u0430\u0439\u043c \u043d\u0430 \u043a\u0430\u0440\u0442\u0443 \u0431\u0435\u0437 \u043e\u0442\u043a\u0430\u0437\u043e\u0432 \u043a\u0440\u0443\u0433\u043b\u043e\u0441\u0443\u0442\u043e\u0447\u043d\u043e<\/a><a href=\"http:\/\/rusbankinfo.ru\/credits.html\">\u0432\u0437\u044f\u0442\u044c \u043a\u0440\u0435\u0434\u0438\u0442 \u043e\u043d\u043b\u0430\u0439\u043d<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: The real estate scenario in most of the big cities of India can be on the verge of seeing a massive downturn. But that has not stopped developers from bringing into the Mumbai real estate market new residential units because through the price of real estate has proven too dear for the average Indian, [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-24088","post","type-post","status-publish","format-standard","hentry","category-realty-news"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>18,000 New Residential Units Launched in Mumbai Till June 2013 -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bharatestates.com\/blog\/24088-18000-new-residential-units-launched-in-mumbai-till-june-2013\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"18,000 New Residential Units Launched in Mumbai Till June 2013 -\" \/>\n<meta property=\"og:description\" content=\"Mumbai: The real estate scenario in most of the big cities of India can be on the verge of seeing a massive downturn. But that has not stopped developers from bringing into the Mumbai real estate market new residential units because through the price of real estate has proven too dear for the average Indian, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bharatestates.com\/blog\/24088-18000-new-residential-units-launched-in-mumbai-till-june-2013\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/gayatri.subramanian\" \/>\n<meta property=\"article:published_time\" content=\"2013-09-11T05:51:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-14T22:11:58+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/09\/noida.jpg\" \/>\n<meta name=\"author\" content=\"gayatri\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"gayatri\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta 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