MMR property market witnesses massive growth

The real estate developers have been complaining of incurring losses for a long time now. But the figures say otherwise. In the first quarter of 2019, a total of 26,850 new housing units were launched in comparison of 16,590 added in the forth quarter of 2018, and 9,490 in the first quarter of the same year in the Mumbai Metropolitan Region. The housing sales too have gone up in the first quarter of 2019, which stands at 24,010 compared to 20,220 in forth quarter of 2018 and 12,300 in the first quarter of 2018. The reason is being attributed to government SOPs announced in the first quarter of the year.