Residential units worth over Rs 10,000 crore await buyers around Western Express Highway

City's Western Express Highway, touted as the next real estate growth centre mainly due to the improved connectivity to the other centres of the megapolis, is currently sitting on an inventory of over 5,100 residential units worth more than Rs 10,000 crore launched in last 12 months, which are awaiting buyers.

"With an eye on the developments along the Western Express Highway and the ongoing metro projects, many developers have launched projects adjacent to the highway in recent years," JLL India national director research Ashutosh Limaye.

As many as 112 residential projects with an inventory of 7,827 units in all the configurations right from 1 to 4 BHK in the price range from Rs 35 lakhs to upto Rs 3 crore were launched between March 2017 and February 2018.

Of these units launched, more than 2600 units were sold generating revenues to the tune of over Rs 3,380 crore. The developers are now sitting on an inventory worth over Rs 10,082 crore.