As many as 100 real estate projects in Mumbai contributed to over Rs 25,000 crore in property sales in Mumbai (MMR) for the calendar year 2020. Majority of the top projects are from Lower Parel, Worli, with sales of more than Rs 9,000 crore, a report by Zapkey.com has said.
Some of the top projects in Worli, according to the report were, Raheja Artesia, Indiabulls Blu, One Avighna Park, Lodha World Towers, Piramal Mahalaxmi, Oberoi 360 West, Lodha The Park, among others, the report said, adding over 1,200 units were registered in the area.
Projects in Thane contributed to close to Rs 4,000 crore in sales with almost 4,000 units registered. Top-selling projects in the area were One Hiranandani Park, Lodha Amara, Lodha Crown, Courtyard, the report said.
“The Lower Parel/Worli area was going through a slowdown pre-covid because of the low demand, but the pandemic has actually given a big boost to the market. This is mainly because of higher interest in larger and luxury homes because of the pandemic and the reduction in stamp duty by the Maharashtra