Hindustan Times-Nearly 50% of Mumbai properties registered in 2024 smaller than 650 sq ft, 60% are 1 BHK and 2 BHK homes: MahaRERA data
In 2024, 50% of properties registered in the Mumbai real estate market were smaller than 650 sq ft, with nearly 60% comprising 1 BHK and 2 BHK apartments, highlighting affordability as the key factor influencing apartment sizes, according to registration data from the Maharashtra Real Estate Regulatory Authority (MahaRERA).
According to the MahaRERA data, almost 50% of the new launches had a RERA carpet area of less than 60 sqm (below 650 sq ft). However, the average apartment size has gradually increased in the last five years. It showed that the supply of larger apartments sized between 60 and 120 sqm (650 sq ft to 1,300 sq ft) has nearly doubled in the last four years.
