Boman Irani, CMD of Rustomjee Group, firmly denies the possibility of a real estate market slowdown in Mumbai, citing robust data and ongoing projects.
Mumbai Real EstateReal Estate MarketBoman IraniRustomjee GroupInfrastructure DevelopmentReal Estate NewsApr 12, 2025
The key factors driving the real estate market in Mumbai include a large influx of people seeking job opportunities, government initiatives such as PMAY and RERA, and major infrastructure projects improving connectivity.
The Rustomjee Group has seen positive results from its recent projects, with successful launches and strong sales figures, reinforcing the company's confidence in the market.
The real estate sector in Mumbai faces challenges such as regulatory compliance, financing, and land acquisition. However, these challenges are being addressed through collaborative efforts between the government, regulatory bodies, and industry stakeholders.
Infrastructure development, including major projects like the Metro and suburban railway extensions, plays a crucial role in driving the real estate market by improving connectivity and making previously underserved areas more attractive for investments.
Boman Irani is optimistic about the future of the Mumbai real estate market, expecting further growth driven by ongoing infrastructure projects, government policies, and the intrinsic demand for housing and commercial spaces.
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