Affordable and mid-segment continue to drive the residential market in MMR. Reduction in building premium charged by the government has fueled new supply in the luxury segment.

The residential real estate market in MMR is on a steady path to recovery with annual sales in FY 21-22 falling short of only 4% of the pre-Covid level (FY 19-20). With stability achieved in the market, new supply numbers are back to normal. Price has seen a 1% growth Y-O-Y. FY 21-22 Highlights During […]