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Mumbai

Mumbai’s Real Estate Boom: A Developer’s Perspective on Rising Property Registrations

Mumbai’s real estate market is booming, with record property registrations fueled by favorable government policies, evolving buyer preferences, and strategic developer initiatives. In Q3 2024, the Mumbai Metropolitan Region (MMR) captured 32% of India’s total real estate market share, driven by strong demand for mid-income and affordable housing in suburban areas like Thane, Navi Mumbai, and Panvel. Developers are adapting by offering attractive festive discounts, virtual property tours, and focusing on modern amenities and improved connectivity to meet the changing needs of homebuyers.
  • November 16, 2024
luxury real estate

29% of Homes Sold in Greater Mumbai Priced Above ₹2 Crore

A recent report revealed that 29% of homes sold in Greater Mumbai are priced above ₹2 crore, highlighting the city’s escalating affordability issues. The research, unveiled at the Excelerate 3.0 event, sheds light on the rising challenges in Mumbai’s real estate market, with key insights on pricing trends, transaction volumes, and inventory levels, while emphasizing the need for regulatory reforms and collaboration to address housing affordability.
  • November 15, 2024

Rising Construction Costs to Push Home Prices Highe

Construction costs in India have surged by up to 11% in 2024, primarily due to rising labour expenses. Homebuyers can expect higher property prices, particularly in the residential sector, as developers adjust to increased building costs.
  • November 14, 2024
Luxury housing Delhi-NCR

Lifestyle Amenities Redefine Luxury in Delhi-NCR’s Real Estate Market

The concept of luxury in real estate has shifted in Delhi-NCR, with developers focusing on creating homes that offer a complete lifestyle experience. With an emphasis on wellness, sustainability, and community engagement, luxury housing now includes amenities like fitness centers, eco-friendly building materials, and smart-home technologies to cater to the evolving needs of modern homebuyers.
  • November 13, 2024
NAREDCO

NAREDCO Maharashtra NextGen Partners with Brigade REAP to Boost PROPEL, Empowering Emerging Real Estate Entrepreneurs

NAREDCO Maharashtra NextGen has joined forces with Brigade REAP to enhance PROPEL, a program supporting emerging entrepreneurs in India’s real estate sector. The partnership will provide startups with funding, mentorship, and strategic guidance, showcasing the potential of PropTech innovation at the upcoming Excelerate 3.0 event.
  • November 13, 2024