Lokmanya Nagar is an neighbourhood in Thane West, Thane, Thane District, Maharashtra, India. Thane West (0.0 Km), Hiranandani Estate (4.64 Km), Anand Nagar (5.22 Km), Kasarvadavali, Thane West (5.53 Km), Haware City (5.85 Km) are the nearby areas to Lokmanya Nagar. Mumbai, Thane, Navi Mumbai are the nearby cities to Lokmanya Nagar.
The consistent rise in the demand and supply of residential properties during 2023 mirrors the assurance that developers and investors place in Mumbai's real estate market.
Top-searched areas attract homebuyers due to their strong attributes, including connectivity, infrastructure, housing variety, growth potential, and overall quality of life.
The residential real estate landscape in Mumbai has shown remarkable resilience and consistent growth in 2023, driven by various factors that shape the inclinations of homebuyers.
Mumbai has always been in the limelight for its residential real estate, the housing projects ranging from luxurious apartments in high-rises and gated communities to affordable, small-sized units in the suburbs. The city's diverse neighbourhoods offer viable housing options, catering to various budget categories.
Property sales in both Mumbai and Pune grew at the fastest pace of 26 per cent YoY each amongst the top eight cities, in the first half of 2023. Both these cities together account for 60 per cent share in the total 1.66 lakh units sold in H1 2023.