Mumbai's Housing Market Projected to Reach New Heights in 2024
A recent report by JLL India reveals that Mumbai's housing sales are expected to exceed INR 1.35 lakh crore in 2024, driven by robust infrastructure development and changing consumer preferences.
Mumbai Housing MarketReal EstateInfrastructure DevelopmentConsumer PreferencesHybrid Work ModelsReal Estate MumbaiSep 05, 2024
The report, titled \
Frequently Asked Questions
What is the projected sales value of Mumbai's housing market in 2024?
INR 1.35 lakh crore
What is driving the growth of Mumbai's housing market?
Robust infrastructure development, changing consumer preferences, and the rise of hybrid work models
What is the expected impact of infrastructure projects on Mumbai's housing market?
Enhanced connectivity, creation of new residential hubs, and increased residential demand
What is the trend in consumer preferences in Mumbai's housing market?
More homebuyers are seeking larger spaces, with a preference for properties in suburban locations that offer a better quality of life
What is the projected future of Mumbai's residential market?
JLL projects an ambitious future, with the ongoing and upcoming infrastructure projects expected to foster the development of new residential areas while revitalizing existing ones
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