Sizes of homes across the Mumbai metropolitan region (MMR) are shrinking over the past two years as real estate players are developing small-sized properties keeping in mind the price factor.
The home size has decreased by as much as eight per cent since 2012 and the trend is likely to continue as the population grows and property prices increase, property portal Commonfloor said in its study.
"...since 2012, it may be found that property sizes have constantly decreased, while prices have almost remained the same or marginally increased," it said. The trend started as early as 2009 but became increasingly visible over the last two years.
About Us
MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.
Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.
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