Real estate development along the Mumbai-Pune Expressway increased over the past few years. Due to the reduction in commute time, demand for commercial and residential properties went up, and housing prices in locations such as Airoli, Taloja and Panvel witnessed an increase. Price point and availability are also important factors for new homebuyers.

The Mumbai Metropolitan Region alone hosts around 24 million residents and shares title of ‘one of the most densely populated regions’ with cities like Karachi, Jakarta, Shanghai and Tokyo! The new micro-housing, which is also known as studio apartments or nuclear houses, is a trend copied from cities like Hong Kong and Tokyo, where the capitalistic markets make the land unimaginably pricey since it is limited.

Urbanization is the increase in the population in cities and towns versus rural areas

India houses the second largest residential colony in Asia.

A building or a structure newly constructed.

The advancement in occupying someone else’s property by unlawful means is encroachment. Majority of the slums of Mumbai can be seen as an example of encroached government land.

This rate identifies the total usage of usable space in a given locality. This is calculated by taking a ratio of occupied space (rented or bought and used actively) and the available accommodation.

The rate at which obtainable houses are sold in a particular realty market during a certain time period. Its calculation is done by dividing the average number of sales during that period by the total number of available homes.