The CREDAI-MCHI CRE-MATRIX Research Report was the first initiative of CREDAI-MCHI with CRE-MATRIX. This report is a highly important research report to realtors, as each report covers crucial topics and shares significant insights on them. Now every month a new report is being issued covering a crucial topic.
This Edition of the CREDAI MCHI – CRE Matrix Monthly Research Report is on the MMR Housing report.
This research report focuses on the research conclusions which shows the average value of the units sold in MMR from the years 2018 to 2021 in various Markets of MMR
The regions covered are Micro/Macro Markets of South Mumbai, Suburbs (Central, Eastern, Western), KDMC, Mira Bhayandar, Bhiwandi, Navi Mumbai, Thane, Vasai Virar, Rest of Palghar, Panvel, and Rest of Raigad.
7TH report is on MMR Buyers’ Origin. The report covers analysis on buyers’ origin for a particular micro-market and their contribution to Top 20 localities of that region. The regions covered are Micro Markets of South Mumbai, Suburbs (Central, Eastern, Western), KDMC, Mira Bhayandar, Bhiwandi, Navi Mumbai, Thane, Vasai Virar, and Raigad. MMR office demand in Jan-Sep’21 period increased by 2% vs previous full year demand and increased by 36.6% on an annualized basis for 2021 vs full year 2020. Western Suburbs and Andheri were the top macro-markets from a demand perspective, contributing 45% to MMR’s office demand in the 9-month period. MMR Office supple shot up by 48% in the 9 months of 2021 vs full year of 2020 as Navi Mumbai and Western Suburbs contributed 52% of the supply during this period. MMR Vacancy went up by 2.5% on account of completions exceeding demand. Tenant exits are now plateauing and we expect this metric to be negligible going forward as occupiers come back to office from a long WFH period. In-place rentals increased by 1.7% in 2021 vs 2020, indicating a shift to better quality / graded spaces and also indicating the end of discounts given by owners due to the pandemic.
The 6th report was issued in July 2021, and it highlighted the property sales registration during March – July 2021. The key trends highlighted include:
- The number of units registered.
- The average monthly growth rate of registered units.
- Monthly stamp duty collection.
The title of the 5th report was ‘MMR Housing Prices.’ The key trends covered in the report were Average Current Price, Highest Price Locality, Lowest Price Locality, Median Current Price, and four years CAGR.
The 4th report’s title was ‘MMR Home Size Report.’ It stated that the average size of flats being built by developers has now increased. And homes with more space are witnessing higher demand amid Covid-19.
The 3rd report was titled ‘MMR Office Overview.’ And it had observed that demand for Office spaces had reduced by 60% compared to the same quarter of last year in MMR.
The 2nd report was titled ‘MMR Housing Typology Report.’ It has been observed that almost 87% of total units which were sold came under the <=2/2.5 BHK category in the last four years, with an average ticket size of ₹55 lacs.
The 1st report of CREDAI-MCHI CRE-MATRIX Research was unveiled at the 8th edition of CREDAI-MCHI Biznet 2021 in Mumbai on 26th February 2021. It was titled ‘MMR Property Tracker.’ The report observed that MMR had witnessed 33% y-o-y Housing Sales growth in January 2021. And the average property value had 14% y-o-y growth.