Mumbai Real Estate Market: A Beacon of Growth and Resilience
Mumbai's real estate market continues to soar, driven by customer-centric approaches and trust in the city's property market, with a 12% year-on-year increase in property registrations.
Mumbai Real EstateProperty MarketNaredco MaharashtraCustomer Centric ApproachesReal Estate InvestmentReal EstateJul 02, 2024
According to Prashant Sharma, President of NAREDCO Maharashtra, this trend reflects the concerted efforts by developers, the supportive policies of the state government, and the overall economic growth that continues to drive the housing market in Mumbai. The revenue exceeding Rs1000 crore from these registrations also demonstrates the significant contribution of the real estate sector to the state's economy.
The upward trajectory is expected to continue, driven by innovation, customer-centric approaches, and unwavering trust in Mumbai's property market. NAREDCO Maharashtra believes that this growth is a result of the industry's efforts to prioritize customer needs and preferences, ensuring that homebuyers have access to quality and affordable housing options.
Information NAREDCO Maharashtra is a leading real estate organization that represents the interests of developers, builders, and real estate stakeholders in Maharashtra. As a prominent industry body, NAREDCO works closely with the government and other stakeholders to promote the growth and development of the real estate sector.
NAREDCO Maharashtra is a leading real estate organization that represents the interests of developers, builders, and real estate stakeholders in Maharashtra. As a prominent industry body, NAREDCO works closely with the government and other stakeholders to promote the growth and development of the real estate sector.
Frequently Asked Questions
What was the year-on-year increase in property registrations in Mumbai for June 2024?
12%
What is the revenue generated from property registrations in Mumbai?
Rs1000 crore
What is driving the upward trajectory in Mumbai's real estate market?
Innovation, customer-centric approaches, and trust in Mumbai's property market
What is NAREDCO Maharashtra?
A leading real estate organization that represents the interests of developers, builders, and real estate stakeholders in Maharashtra
What is the expected growth trajectory of Mumbai's real estate market?
Upward, driven by innovation, customer-centric approaches, and trust in Mumbai's property market
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