Mumbai's significant rise in property prices is driven by strong demand in the city, with sales growth volume remaining stable over the next few quarters.
Property PricesMumbaiNew DelhiBangaloreKnight FrankPrime Global Cities IndexReal EstateHousing MarketReal Estate NewsJun 14, 2024
The Prime Global Cities Index is a quarterly report by Knight Frank that tracks the performance of prime residential markets in 44 cities around the world.
According to the Prime Global Cities Index, the rebound in global housing markets is continuing, with upwards price pressures stemming from relatively healthy demand and low supply volumes.
The top three cities are Manila, Tokyo, and Mumbai, with annual growth rates of 26.2%, 12.5%, and 11.5%, respectively.
The rise in demand in the city, particularly for higher value products, is driving the growth in Mumbai's property prices.
According to Shishir Baijal, chairman and managing director at Knight Frank India, the momentum of sales is expected to remain stable over the next few quarters as the economic conditions are likely to remain broadly unchanged.
Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued an order to ensure transparency and efficiency in real estate projects
The Real Estate (Regulation and Development) Act, 2016, has brought transparency and accountability to the Indian real estate sector. But is it enough?
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has recently revealed a list of 314 housing projects currently in bankruptcy. This alarming number includes 56 ongoing projects, with an average of 18 months of delay. Homebuyers are urged to exe
India's real estate market is witnessing a significant surge, driven by the growing demand for luxury homes among the middle and upper classes. Young buyers and women are increasingly seeking comfort, exclusivity, and modern living spaces.
According to Savills India, the ongoing price movement demonstrates a strong demand base, reflecting the positive sentiment in the market. Data showed that Gurugram led the surge in under-construction luxury property values, with prices increasing up to 5
The long-standing legal battle between the Lodha brothers over the trademark of their real estate brand has finally come to a resolution, bringing an end to a contentious dispute that has been ongoing for several years. The Bombay High Court's ruling has provided clarity and a way forward for both parties involved.