Thane, Navi Mumbai accounted for 40% of new launches in city
Notwithstanding weak market sentiment, Mumbai witnessed a significant rise in housing project launches in January-June period with Thane and Navi Mumbai accounting for nearly 40 percent of total units launched in Mumbai during H1 2014, according to a CBRE study.
Micro-markets like Dronagiri, Karanjade, Panvel and Ulwe in Navi Mumbai and locations along Ghodbunder Road in Thane formed a significant proportion of units launched in the high and mid-end segments during the period, said property consultant CBRE.