Mumbai's central suburbs have witnessed a significant boost in the real estate market, increasing their share from 29% to 31%. Meanwhile, South Mumbai has also seen a rise from 7% to 9% in property registrations.
Mumbai Real EstateCentral SuburbsProperty MarketAffordable HousingInfrastructureReal Estate NewsNov 01, 2024
The central suburbs of Mumbai currently hold a 31% share of the real estate market, up from 29% in the previous year.
The key factors driving growth in the central suburbs include the availability of affordable housing, improved infrastructure, and a strategic location that provides easy access to various amenities.
South Mumbai has seen a modest increase in property registrations, rising from 7% to 9%, driven by the development of high-end projects and the demand for luxury properties.
REDAM represents real estate developers in Mumbai and advocates for policies that promote sustainable growth in the sector. The association works to protect the interests of both developers and consumers.
The growth in the central suburbs is expected to continue, driven by ongoing infrastructure projects and the government's push for affordable housing. Developers are focusing on these areas, launching new projects that cater to diverse buyer profiles.
Maharashtra Housing Minister Atul Save announces plans to provide 30 lakh affordable homes by 2030, targeting economically weaker sections and lower-income groups.
land registry, blockchain, property record management, India, real estate
Gandhinagar (Gujarat), January 8: The Confederation of Real Estate Developers' Associations of India (CREDAI) Gandhinagar is set to host the Tri-City Property Fest from January 10 to 12.
In a thrilling match of the Ranji Trophy, Ravindra Jadeja's outstanding 12-wicket haul has given Saurashtra the upper hand. Meanwhile, Shardul Thakur's century has provided a much-needed boost to Mumbai's innings.
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has announced a set of comprehensive guidelines aimed at ensuring safer and more transparent real estate investments for homebuyers in the state.
Wagholi real estate market. Wagholi is in the north-eastern part of Pune and is surrounded by several Information Technology (IT) companies. It has become a prime location for residential and commercial developments due to its strategic location and conne