The real estate sector saw significant activity with 28 deals worth $1.2 billion in the first quarter of the year, as the market continues to show resilience. The upcoming Navi Mumbai International Airport is expected to drive further growth in the region.
Real EstateProperty MarketNavi MumbaiInvestmentsResidentialReal Estate MumbaiApr 21, 2025
The real estate market witnessed 28 deals worth $1.2 billion in the first quarter, with a focus on residential, commercial, and retail segments. Private investments continued to drive the market, and the upcoming Navi Mumbai International Airport is expected to further boost growth.
The Navi Mumbai International Airport is anticipated to transform the local real estate landscape by boosting property values, attracting new businesses, and increasing the population, leading to a surge in demand for residential and commercial properties.
The residential segment is seeing a surge in demand, driven by affordable housing policies and a growing population. Developers are focusing on sustainability and smart living, introducing eco-friendly and technologically advanced homes to the market.
The commercial real estate sector is showing signs of recovery, with increased interest in office spaces. The rise of co-working spaces and flexible work arrangements is reshaping the commercial real estate landscape, with a growing preference for agile and versatile office environments.
The real estate market faces challenges such as regulatory hurdles and economic uncertainties. However, government initiatives like RERA and IBC are providing a stable and transparent regulatory framework, boosting investor confidence and driving market growth.
India's real estate sector saw a significant boost in investment during the second quarter of 2024, with foreign investors contributing 76.3% of the total.
Office segment drives over half of investments, followed by residential with 33% share; Chennai and Mumbai attract 57% of total inflows
Property tax is a yearly or semi-annual tax imposed on real estate owners by local authorities. It is a significant source of revenue for local governments, which use it to fund public services like schools, police, and fire departments.
Pune: The real estate industry body Credai has raised objections to the proposed increase in charges levied by Maharashtra State Electricity Distribution Company Limited (MSEDCL) for new electricity connections.
ABREL has finalized the sale of its pulp and paper business to ITC for a staggering Rs 3,498 crore. This strategic move is poised to reshape the industry and enhance both companies' market positions.
ITC's strategic acquisition of Century Pulp and Paper from Aditya Birla Real Estate is expected to bolster its presence in the northern market. Financial analysts at Nomura have given a Buy rating to Aditya Birla Real Estate, citing the positive implications of the deal.