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
Tags:
Related News Articles
Andhra Pradesh to Introduce New Investor-Friendly IT Policy
Andhra Pradesh IT Minister Nara Lokesh has called for a new investor-friendly IT policy to attract companies to set up shop in the state.
Mumbai's Eastern Suburbs: Vikhroli West Emerges as a Real Estate Hotspot
Vikhroli West is transforming into a vibrant residential and commercial hub, offering diverse housing options and robust real estate activity.
Ganga Realty to Invest ₹1200 Crore in Luxury Housing Project in Gurugram
Gurugram-based real estate firm Ganga Realty plans to invest ₹1200 crore in a luxury housing project in Gurugram, expected to generate close to ₹2000 crore in revenue.
Infra.Market Revolutionizes Sustainable Construction, Becomes India's Largest AAC Block Manufacturer
Infra.Market achieves a significant milestone in sustainable construction, becoming India's largest manufacturer of Autoclaved Aerated Concrete (AAC) blocks, with a production capacity of 3 million cubic meters.
Goldman Sachs Leases Massive Office Space in Mumbai's Worli for ₹2 Crore+ per Month
Goldman Sachs has leased over 73,000 sq ft of office space in K Raheja's Acentia project for ₹2 crore+ per month.
Godrej Properties Secures 53 Acre Land in Kolkata for Major Development
Godrej Properties Ltd (GPL), one of India's leading real estate developers, has acquired 53 acres of land in Kolkata, marking a significant expansion in the eastern real estate market.