NO MAR­KET FOR LUX­URY

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - FRONT PAGE -

De­vel­op­ers are fo­cussing on ■ build­ing smaller homes, as they find few tak­ers for the high­end lux­ury units that were pop­u­lar just a few years ago Of 7,000 apart­ments launched ■ this year in Mum­bai, more than 75% are small-size units — 1 BHK and 2 BHK houses In the Mum­bai metropoli­tan ■ re­gion, 20,000 units were launched this year, about 80% are 1 BHK and 2 BHK flats A 1 BHK flat costs Rs80 lakh to ■ Rs1 crore, a 2 BHK costs Rs1.60 crore in Mum­bai. In Thane and Navi Mum­bai, buy­ers spend Rs50 lakh for a 1 BHK and Rs80-90 lakh for a 2 BHK.

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