Mumbai Case Study Through Meta Ads

Introduction

The Mumbai real estate market is one of India’s most dynamic and competitive, making lead generation both a challenge and an opportunity for developers and marketers. With increasing buyer interest in premium residential projects across Powai, Vikhroli, Goregaon, Borivali, Mulund, and other suburbs, digital platforms like Facebook have become powerful tools for reaching qualified audiences. This case study explores the performance of 113 Meta ad campaigns run for multiple developers, analysing strategies, cost efficiency, and results that demonstrate the effectiveness of digital marketing in driving real estate leads in Mumbai.

Category Data / Insights
Market Context Mumbai’s competitive real estate market — focus on premium residential projects in Powai, Vikhroli, Goregaon, Borivali, Mulund, Chandivali, Bhandup, Kanjurmarg.
Objective Generate high-quality, cost-efficient leads for multiple developers through Meta Ads.
Key Goals
  • Generate qualified Meta leads at optimized CPL.
  • Maintain balance between lead volume & quality.
  • Optimize campaigns for ROI with controlled spend.
Platform Used Meta Ads (Facebook Ads Manager)
Campaign Types
  • Lead Generation (Instant Forms)
  • Awareness & Consideration (Lead Ads with apartment-focused messaging)
Attribution Setting 7-day click or 1-day view
Targeting
  • Location: Mumbai suburbs
  • Demographics: Age, job titles, investors
  • Custom audiences: Lookalike audiences from past leads
Number of Campaigns 113 active campaigns (excluding deleted)
Total Budget / Spend ₹18,39,896 (₹18.39 Lakhs)
Total Impressions ~1,972,876
Total Leads (Approx.) Thousands (exact number not specified)
Cost Per Lead (CPL) Range ₹85.80 (lowest) → ₹442.88 (highest)
Top-Performing Locations Goregaon, Borivali (best CPL efficiency)
High-Volume Locations (Higher CPL) Powai, Chandivali
High-CPL Builders (Due to Competition) Lodha, Nahar, Adani
Ad Creative Focus
  • Property pricing (₹99 Lakh – ₹2.45 Cr onwards)
  • Location-based messaging
  • Builder reputation & trust (Lodha, Kalpataru, Adani, Nahar)
Key Learnings
  1. Hyper-local targeting gives best results (Goregaon & Borivali).
  2. Builder reputation impacts CPL (premium = higher CPL, better quality).
  3. Ad & form optimization reduces CPL significantly.
  4. Reallocating budgets to efficient campaigns maximizes ROI.
Insights on Performance
  • Strong local focus led to low CPL in suburban campaigns.
  • Brand-heavy campaigns (e.g., Lodha) costlier but attracted serious buyers.
  • Dynamic creative testing reduced acquisition costs.
ROI Observation Lower-CPL campaigns drove better overall cost efficiency and improved lead quality mix.
Conclusion Strategic Meta Ad execution generated thousands of high-quality real estate leads across Mumbai. With ₹18.39 Lakhs spent and CPL ranging ₹85–₹442, digital ads outperformed traditional marketing when optimized for hyper-local relevance and cost control.

The campaign series demonstrates how strategic Meta Ads execution can generate thousands of high-quality real estate’s leads in Mumbai. With over ₹18.39 Lakhs spent, the campaigns captured leads across multiple micro-markets, proving that digital ads outperform traditional real estate marketing when optimized for cost efficiency and hyper-local relevance.

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