Mumbai property: This is why SoBo apartments are shrinking
Developers have now shifted focus to smaller homes to cater to buyers who were so far unable to afford properties in South Mumbai. Housing experts lauded this move saying it will enable tapping potential home buyers. Last month, a big name like Piramal Realty launched a project in Mahalaxmi, where it is selling 2 BHKs ranging between 739 to 805 sq ft
Many projects coming up in Girgaum Chowpatty, Gowalia Tank, Byculla, and other areas. Developers are focusing on constructing smaller apartments, such as Vardhaman and Sanghvi developers.Image source: Reuters