NAVI MUM­BAI

HT Estates - - HTESTATES -

Navi Mum­bai, de­vel­oped as a satel­lite city of Mum­bai and also its af­ford­able res­i­den­tial al­ter­na­tive, is the third largest mar­ket in terms of res­i­den­tial de­vel­op­ment in the MMR. How­ever, its share of launches and ab­sorp­tion in the MMR has de­clined from 19% to 11% and from 22% to 15%, re­spec­tively in the first half of 2014, com­pared to the same pe­riod last year. On the back of em­ploy­ment op­por­tu­ni­ties within Navi Mum­bai, qual­ity hous­ing de­velop-

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