SOUTH MUM­BAI

HT Estates - - HTESTATES -

The most ex­pen­sive South Mum­bai mi­cro-mar­ket ac­counts for less than 1% of the 4,47,294 un­der-con­struc­tion units in th­ese eight mi­cro- mar­kets. The south Mum­bai mi­cro- mar­ket is home to in­dus­tri­al­ists and high net­worth in­di­vid­u­als ( HNIs), and pric­ing is not bound by the af­ford­abil­ity bench­mark in pro­jects of­fer­ing snob value. How­ever, de­spite land scarcity, which has re­stricted new launches in the re­cent pe­riod, this mi­cro-mar­ket’s for­tunes have suf­fered. A com­par­i­son with all other mi­cro­mar­kets in the MMR in­di­cates that the in­ven­tory level in the south Mum­bai mar­ket will take the max­i­mum time of 18 quar­ters (4.5 years) to sell.

PHOTO: KU­NAL PATIL

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