Experts suggest focusing on commercial real estate in Mumbai and Pune, which offer robust opportunities for investors. Affordable housing and infrastructure challenges remain key areas for the new government to address.
Real EstateMumbaiBjpAffordable HousingCommercial Real EstateReal Estate PuneNov 25, 2024
Mumbai's real estate sector faces significant challenges such as high property prices, especially in the mid-to-upper segments, lack of affordable housing, and the presence of slum areas.
The government can support affordable housing by reviving rental housing schemes, incentivizing development in peripheral areas, and rationalizing taxes to make housing more affordable.
Experts recommend focusing on commercial real estate in Mumbai and Pune due to the high prices in residential segments and the robust opportunities offered by these cities in terms of office spaces and improved infrastructure.
The BJP's commitment to Mumbai's real estate sector includes a focus on creating a slum-free city and implementing policy reforms to address affordable housing and infrastructure challenges.
Post the BJP's win in Maharashtra, the expected policy changes include initiatives to support affordable housing, rationalize taxes, and incentivize development in peripheral areas to improve the overall real estate market.
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