The real estate market in the Mumbai Metropolitan Region (MMR) and Pune has seen a remarkable surge, with festive sales turnover reaching INR 1019 crore, as reported by Guardians Real Estate Advisory.
Real EstateMmrPuneGrowthFestive SalesReal Estate MumbaiNov 23, 2024
The festive sales turnover in the real estate market of MMR and Pune has reached INR 1019 crore, as reported by Guardians Real Estate Advisory.
The key drivers include economic stability, government initiatives, a focus on affordable housing, infrastructure development, and favorable lending policies.
The government has contributed through initiatives like the Real Estate (Regulation and Development) Act (RERA), the Pradhan Mantri Awas Yojana (PMAY), and other schemes that promote transparency and affordability in the sector.
Infrastructure development, such as the Metro rail network, has improved connectivity and accessibility, making suburban areas more attractive for residential and commercial developments, thus boosting property values.
The real estate market in MMR and Pune is expected to continue its upward trajectory, driven by economic stability, favorable government policies, and infrastructure development. Developers are optimistic and planning new projects to meet the growing demand.
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