Property Details

The apartment is located in the premium residential project Godrej Sky Terraces and offers:

• Carpet area: 1,402 sq. ft.
• Total area: 1,516.20 sq. ft.
• Parking: Two car spaces
• Stamp duty: ₹35.90 lakh
• Registration charges: ₹30,000

This purchase follows another major investment by the couple—two apartments in the same building acquired in March 2025 for ₹21.1 crore, indicating a strong long-term real estate bet in the locality.

Why Chembur-Deonar Is Attracting Premium Buyers

Chembur-Deonar has steadily emerged as one of Mumbai’s most strategically located residential zones thanks to its strong connectivity and infrastructure advantages:

• Direct access to Eastern Express Highway and Sion–Panvel Highway
• Connectivity via Eastern Freeway
• Railway access on Harbour Line
• Link to Mumbai Monorail network

Its proximity to major business hubs such as Bandra Kurla Complex, Lower Parel, and Navi Mumbai makes it particularly attractive to professionals and investors. The suburb also offers established social infrastructure, including schools, hospitals, malls, and recreation zones, creating a balanced lifestyle environment.

Celebrity Investments Reflect Market Confidence

High-value property purchases by celebrities and public figures often signal confidence in a micro-market’s long-term prospects. Real estate analysts note that such investments tend to reinforce demand momentum, especially in premium segments where brand-name buyers influence perception and pricing.

Devisha Yadav, a professional dance coach known for maintaining a relatively private lifestyle, has frequently been seen supporting her husband at international cricket matches and IPL games. Her latest purchase underscores the growing trend of affluent buyers investing in spacious, amenity-rich residences within well-connected city neighborhoods.

Also Read: Cricketer Suryakumar Yadav Bought a ₹21.11 Crore Home in Deonar

The post Cricket Star SuryaKumar Yadav’s Wife Devisha Buys ₹7.18 Crore Deonar Apartment appeared first on Square Feat India.

The survey suggests that while expectations have become more measured, confidence remains intact. Nearly 67% of HNIs and UHNIs remain bullish on India’s economic growth over the next 12–24 months, even as global headwinds persist. Reflecting this realism, 72% of respondents expect India’s GDP growth to stabilise at 6–7% in FY27, signalling moderation—but not pessimism.

Real Estate Seen as a Safe, Long-Term Bet

Amid volatile equity markets and currency concerns, luxury housing continues to stand out as a dependable asset. About 67% of wealthy investors expect annualised real estate returns of up to 15%, reinforcing property’s appeal as a combination of capital appreciation, rental income, and lifestyle security.

Importantly, demand is not driven purely by speculation. The survey reveals a balanced buyer profile, with 53% purchasing luxury homes for capital appreciation and 47% buying for self-use, underlining a growing preference for ownership rooted in permanence and personal consumption.

City-based luxury homes remain the top choice. 31% of respondents prioritised primary residences, while 30% focused on residential investment assets within cities, reflecting continued faith in premium urban micro-markets despite higher entry prices.

Selective Buying Replaces Frenetic Demand

While appetite remains strong, buyers are no longer indiscriminate. The report highlights that the red-hot momentum of 2025—marked by record sales from listed developers and marquee transactions across Mumbai, Delhi-NCR, Goa, and Alibaug—has carried into 2026 with greater selectivity.

Tightening inventory of high-quality projects and rising prices have softened interest in second homes. Among those still exploring the segment, 46% prefer farmhouses near city peripheries, while 33% favour hill or mountain destinations, pointing to lifestyle-led purchases rather than aggressive yield chasing.

Luxury buyers today are prioritising privacy, design excellence, wellness features, and service-led living, forcing developers to recalibrate offerings toward fewer, more differentiated projects in proven locations.

Wealth Creation Continues to Fuel Demand

The survey underscores that India’s luxury housing demand is structurally supported by wealth creation. The rise of startup founders, next-generation entrepreneurs, and senior professionals, alongside traditional business families, has broadened the luxury buyer base.

In 2025, 103 Indian companies raised ₹1.76 lakh crore through IPOs, significantly boosting liquidity among affluent investors.

Commenting on the findings, Amit Goyal, Managing Director, India Sotheby’s International Realty, said,

“Even as markets show signs of moderation, luxury homebuyers continue to take a long-term view. For many, real estate represents permanence—an asset that blends capital efficiency, lifestyle value, and generational continuity. Demand has clearly shifted from scale to substance.”

Prime Assets to Outperform as Prices Cool

While overall optimism remains high, expectations around price growth have cooled. More than half of the respondents expect luxury residential prices to moderate in FY 2026–27, reflecting a maturing market rather than a slowdown.

Currency volatility has also emerged as a concern, with many HNIs and UHNIs monitoring the rupee’s depreciation against the dollar and selectively exploring overseas or dollar-linked assets. Despite this, real estate continues to hold its ground as a preferred physical asset.

Ashwin Chadha, CEO, India Sotheby’s International Realty, noted,

“India’s wealth creation and real estate growth have moved in tandem. While buying decisions are now more cautious, prime urban luxury homes will continue to outperform due to scarcity, defensibility, and long-term relevance.”

A More Professional, Disciplined Market

The survey points to a growing trend of portfolio consolidation and professionalisation. Over half of respondents are considering streamlining their property holdings, and an increasing number are relying on professional advisors rather than informal networks or local brokers.

Overall, the findings indicate that India’s luxury housing market is not immune to moderation—but it is far from losing momentum. For the country’s wealthiest buyers, luxury homes remain a strategic bet in uncertain times, anchored in quality, location, and long-term confidence in India’s growth story.

Also Read: Luxury Homes Appreciate 24%

The post While Markets Slow, India’s Rich Keep Betting Big on Luxury Homes appeared first on Square Feat India.

The city’s appetite for premium housing remained strong, as registrations of homes priced above ₹1 crore surged 73% YoY, contributing 54% of the total transaction value in October.

Key Highlights

• 6,194 residential properties worth ₹4,512 crore were registered in October 2025.
• The weighted average price of registered properties rose 15% YoY.
• 23% of homes registered were priced above ₹1 crore, up from 14% a year ago.
• 68% of homes registered measured 1,000–2,000 sq ft, while 16% exceeded 2,000 sq ft.
• Rangareddy district led registrations with 47%, followed by Medchal-Malkajgiri (39%) and Hyderabad (14%).
• Weighted average price: ₹4,729 per sq ft across the market, with Rangareddy seeing the sharpest rise of 22% YoY.
• Top transactions: Five luxury properties valued above ₹10 crore — three in Banjara Hills, two in Puppalguda.

Premiumization Trend Continues

The surge in high-value transactions reaffirms Hyderabad’s status as one of India’s most aspirational housing markets.
While total registrations grew modestly, the cumulative value of properties registered between January and October 2025 touched ₹43,048 crore, up 25% YoY, despite a 5% dip in total units registered compared to last year.

This reflects a clear shift toward larger, more luxurious homes, backed by higher disposable incomes and strong buyer sentiment.

Market Overview

• Homes under ₹50 lakh: 55% of all registrations (down from 59% YoY)
• Homes between ₹50 lakh–₹1 crore: 23% share (down from 27%)
• Homes above ₹1 crore: 23% share (up from 14%)

Among the city’s districts, Rangareddy continued to dominate, buoyed by strong residential and commercial development, while Hyderabad Central remained the preferred choice for ultra-luxury housing.

Expert Take

Shishir Baijal, Chairman and Managing Director, Knight Frank India, said:

“Hyderabad’s residential market continues to reflect strong festive momentum. The sharp 73% surge in registrations of homes priced above ₹1 crore reflects the city’s growing shift toward larger, high-value residences. This sustained demand highlights Hyderabad’s emergence as one of India’s most aspirational housing markets, defined by resilient buyer sentiment and a clear preference for quality living.”

The Bigger Picture

Hyderabad’s premium segment is no longer a niche — it’s defining the city’s housing landscape. With growing tech-sector prosperity, improved infrastructure, and a strong appetite for lifestyle-oriented homes, the city’s market outlook remains bullish going into 2026.

Also Read: How Food & Beverage Is Changing India’s Shopping & Real Estate Spaces

The post Hyderabad Home Registrations Rise 5% YoY in October 2025; Premium Homes Above ₹1 Cr Surge 73% appeared first on Square Feat India.

Mumbai, October 07, 2025 — India’s residential real estate market maintained steady growth in the third quarter of 2025, driven by strong demand for premium homes. According to Knight Frank India’s quarterly update, 87,603 housing units were sold across the top eight cities in Q3 2025 — a 1% year-on-year (YoY) increase, defying expectations of a slowdown.

Supply remained stable, with 88,655 new units launched, a marginal 2% YoY decline. Price growth persisted across all markets, underpinned by easing inflation, improved liquidity, and supportive macroeconomic conditions.

Inflation cooled to 2.07% in August 2025, down from 3.65% a year ago. The RBI’s FY 2026 GDP forecast was raised to 6.8%, and the repo rate stood 100 bps lower than end-2024 — factors that bolstered end-user confidence and homebuying sentiment.

City-wise Residential Sales Performance — Q3 2025

Mumbai led with 24,706 units sold, contributing 28% of total sales. Chennai stood out with 12% YoY growth, its highest post-pandemic performance. NCR and Bengaluru maintained steady volumes, while Pune was the only laggard with an 8% decline.

Premium Housing Emerges as Growth Driver

Premium housing continued its upward trajectory, marking a structural shift in buyer demand. Units priced below ₹1 crore saw their share of sales decline to 48% in Q3 2025 from 54% a year earlier. In contrast, sales of homes priced over ₹1 crore rose to 52%, growing 15% YoY.

The ₹1–2 crore segment accounted for 28% of total sales, making it the largest by volume. Ultra-luxury categories like ₹10–20 crore recorded a 170% surge YoY, albeit on a lower base.

Ticket-Size Segment Sales — Q3 2025

Gulam Zia, Senior Executive Director – Valuation, Advisory and Research, Knight Frank India, observed that premium housing has “decisively taken centre stage,” reflecting changing urban aspirations for larger, better-quality homes.

New Launches See Mixed Trends

New residential launches across the top eight markets dipped slightly by 2% YoY to 88,655 units. Growth was led by Chennai (+44%) and Bengaluru (+28%), while Mumbai and NCR saw sharp declines of 19% each, weighing on overall supply.

Price Growth Remains Broad-Based

Average residential prices rose across all markets in Q3 2025, led by NCR (+19%), followed by Bengaluru (+15%) and Hyderabad (+13%). Even with moderate sales growth, robust price appreciation points to sustained demand and limited immediate supply pressures.

Inventory Health Stays Stable

The Quarters to Sell (QTS) — a key indicator of market health — remained stable at 5.8 quarters, equivalent to less than 18 months of inventory. Unsold inventory rose 4% YoY to 506,400 units, but stable sales velocity over the past eight quarters indicates healthy absorption.

Notably, unsold inventory in higher ticket-size segments (above ₹2 crore) has risen faster than in the affordable categories, particularly in the ₹20–50 crore range where QTS stretched to 14.4 quarters, indicating slower absorption in ultra-luxury homes.

Market Outlook: Plateau Phase Likely Ahead

Shishir Baijal, Chairman & Managing Director, Knight Frank India, noted that India’s housing market is now in its fifth year of an upcycle, and the YoY growth rates are beginning to rationalise. He indicated the market may be entering a prolonged plateau phase, supported by stable macroeconomic conditions and evolving buyer preferences.

Financing innovations, subvention schemes, and fiscal incentives continue to channel demand toward higher-value segments, ensuring resilience even amid geopolitical uncertainties.

Also Read: Home Sales Up By 12% In India.

The post India’s Housing Market Sustains Growth in Q3 2025, Premium Homes Take Centre Stage appeared first on Square Feat India.

No change in property tax rates
For homebuyers, the tax burden on property remains the same. Affordable housing continues at 1% GST, under-construction projects at 5%, and completed properties remain exempt. This offers much-needed stability and avoids confusion for buyers planning their purchase.

Construction material becomes cheaper
The big relief is on construction inputs:

• Cement: GST slashed from 28% to 18% (accounts for 25–30% of construction costs).
• Marble, granite, stone bricks: Reduced from 12% to 5%.
• Steel: Remains unchanged at 18%.

These changes are expected to lower overall construction costs by 3.5–4.5%, improving project viability and potentially enhancing affordability if developers pass on the benefits.

Impact on housing categories

• Affordable and mid-income housing: Likely to benefit the most, with lower input costs encouraging developers to launch new projects.
• Premium housing: Reduction in marble and granite GST will particularly support cost efficiency here.
• Homebuyers: With no tax hikes and potential cost savings, buying decisions are unlikely to be deferred.

Overall, the reforms are being seen as a marginally positive step for the real estate sector—especially if the savings get shared with buyers.

Also Read: Homebuyers to Benefit as GST on Cement, Building Materials Cut From Sept 22

The post Cheaper Cement, Stable GST on Homes: What It Means for Homebuyers appeared first on Square Feat India.

India’s residential market is witnessing a clear shift in consumer preferences toward premium housing, with homes priced above ₹1 crore now forming 62% of all housing sales in H1 2025, according to JLL’s latest Residential Market Update.

Despite a 13% year-on-year (Y-o-Y) dip in H1 sales volumes, the second quarter (Q2) of 2025 posted a 7% rise in quarterly sales, reaching 69,530 units, signaling a strong mid-year rebound. The ₹3–5 crore and ₹5 crore+ categories emerged as fastest-growing segments, outpacing demand in the mass market.

India Residential Market Overview – H1 2025

Ticket Size Break-up: H1 2025 vs H1 2024

City-wise Residential Sales – H1 2025

New Launches: H1 2025

Despite slower overall launch momentum, premium housing launches surged, particularly in Chennai, Kolkata, and Bengaluru.

Capital Value Growth – Q2 2025

Expert Insights

“The steady growth in luxury home sales indicates rising buyer affluence and a focus on value-driven transactions. While sales in the ₹1 Cr+ category grew 6%, sub-₹1 Cr homes dropped 32% year-on-year.”
— Dr. Samantak Das, Chief Economist and Head of Research, JLL India

“Despite fewer launches, developers are aligning with premium demand. Launches of ₹1 Cr+ homes more than doubled YoY. Cities like Chennai and Kolkata led this transition.”
— Siva Krishnan, Head – Residential Services, JLL India

Outlook: Value, Affordability & Premiumization

The combination of a likely repo rate cut, easing inflation, and growing urban affluence is expected to support sustained growth in India’s housing market. While price appreciation may moderate, especially in the premium segment, demand for well-located, high-value homes remains resilient, particularly in Mumbai, Bengaluru, Pune, and Delhi NCR.

Also Read: Luxury Housing Unsold Stock Rises 10%.

The post Premium Housing Surges as Mass Segment Slows: 62% of India’s H1 2025 Sales Now Above ₹1 Crore appeared first on Square Feat India.

The project will include four 44-storey towers and a signature 60-storey tower, alongside a dedicated retail component, covering an estimated 12 lakh sq. ft. of RERA carpet area. Residences will include 2, 3, and 4 BHK apartments, ranging from 800 to 1,600 sq. ft., designed to meet the evolving needs of premium homebuyers.

Speaking on the development, Mr. Ashwin Sheth, Chairman and Managing Director of Ashwin Sheth Group, said:

“This strategic acquisition from MHADA represents a milestone in our expansion strategy. Goregaon West has emerged as one of Mumbai’s most promising residential destinations, and securing this prime 4.05-acre parcel positions us to deliver a world-class development that will set new standards for premium living in the western suburbs.”

Strategic Location and Market Relevance

Located in Siddharth Nagar, the project enjoys excellent connectivity to Mumbai’s key commercial zones, entertainment hubs, and infrastructure networks including the Western Express Highway, Link Road, and metro lines. The area is witnessing rapid appreciation in property values, driven by infrastructure upgrades and increasing demand from both end-users and investors.

This development reinforces Ashwin Sheth Group’s growing footprint in Mumbai and highlights its focus on the premium residential segment. With luxury housing in high demand across the city’s western corridor, this project is poised to become a landmark in Goregaon West.

Also Read: Ashwin Sheth Group Files FIR Against Reputed Developer Alleging ₹700 Crore Fraud

The post Ashwin Sheth Group Acquires MHADA Land in Goregaon West for ₹3,800 Cr Premium Residential Project appeared first on Square Feat India.

India’s residential real estate sector is expected to sustain steady growth over this fiscal and the next, as sales and demand stabilize following three years of strong post-pandemic recovery, according to an analysis by CRISIL Ratings.

The report, covering 75 major real estate companies that account for ~35% of national residential sales, projects a compound annual growth rate (CAGR) in sales volumes of 5–7%, with average prices rising 4–6%. This translates to a steady 10–12% growth in value terms.

Demand Revival Supported by Lower Rates and Premium Housing
Last fiscal, demand remained flat, weighed down by higher capital values and delays in launches due to elections and regulatory changes in some states. However, the current and next fiscals are expected to see demand rebound on the back of:

• Improving affordability as interest rates soften
• Sustained appetite for premium and luxury homes
• Normalization of project launches across key micro-markets

“The premium and luxury segments in the top seven cities have seen their share of launches jump from 9% in 2020 to 37% in 2024,” said Gautam Shahi, Director, CRISIL Ratings.
“This trend is expected to continue, with premiumisation driving 38–40% of launches in 2025 and 2026.”

Premiumisation Redefining New Supply
In contrast to the rising prominence of premium housing, the affordable and mid-segments are expected to decline further, largely due to rising land and input costs that have rendered these categories less attractive to developers.

Launch Share by Segment (%):

Supply Still Outpacing Demand
Developers had already ramped up launches over the past three years, leading to supply outpacing demand. As this trend continues, inventory levels are expected to increase slightly:

• From 2.7–2.9 years in the past two fiscals
• To 2.9–3.1 years over the current and next fiscal

Deleveraged Balance Sheets and Strong Collections Underpin Stability
Despite the supply overhang, developers’ credit profiles have strengthened significantly due to:

• Robust collections from strong sales
• Timely project execution
• Adoption of asset-light development models (joint ventures, joint developments)
• Substantial equity inflows, especially through qualified institutional placements (QIPs)

In fact, the QIP proceeds as a percentage of outstanding debt rose from 13–16% in the preceding three fiscals to 24% last fiscal, reflecting growing investor confidence.

Debt Metrics at a Healthy Level

“The continuing improvement in cash flow from operations and rising equity inflows have strengthened credit metrics,” said Pranav Shandil, Associate Director, CRISIL Ratings.
“The debt-to-CFO ratio is projected to improve to 1.1–1.3 times this fiscal and the next, down from 1.2–1.5 times previously and significantly below the ~5.6 times seen in FY20.”

Key Credit Metrics Snapshot:

Outlook: Prudent Leverage, Controlled Inventory Key to Stability
While the outlook remains positive, CRISIL notes that developers’ ability to maintain moderate leverage and control inventory will remain critical for sustaining credit strength.

The report underscores that premiumisation, improved affordability, and healthy cash flows will drive steady growth—albeit at more moderate rates compared to the surge seen in the immediate post-pandemic years.

Also Read: ICRA and CRISIL enhance Commercial Paper limits of Godrej Properties Limited to INR 2000 crore

The post Residential Sales to Maintain Steady 10–12% Growth Path: CRISIL Ratings appeared first on Square Feat India.

One of the key drivers behind this trend is the ongoing development of the Dwarka Expressway, which has significantly enhanced connectivity between Delhi and Gurugram. This infrastructural advancement has amplified the demand for premium residential projects, attracting affluent buyers seeking exclusivity, convenience, and high-end amenities.

Gurugram Emerging as a Luxury Hub

Speaking on the surge in demand, Parvinder Singh, CEO of Trident Realty, highlighted the growing appeal of Gurugram’s luxury real estate segment.

“As a premium residential developer in Gurugram, we are witnessing a sharp rise in demand for luxury homes, particularly along the Dwarka Expressway. Buyers today seek not just elegant residences but also seamless access to major business districts, making this location an ideal choice.”

Gurugram’s sales value saw a staggering 66% growth in 2024, helping Delhi-NCR surpass Mumbai and Hyderabad to become the top-selling housing market of the year. As per industry reports, the region has crossed Rs 1 lakh crore in total sales value, solidifying its dominance in the luxury real estate sector.

NRI Investments Driving Market Growth

The luxury market is also witnessing a significant influx of Non-Resident Indian (NRI) investments. High-net-worth individuals (HNIs) are showing increased interest in properties that offer not only world-class amenities but also a sense of security and an aspirational lifestyle.

Varun Sharma, Founder & Managing Director of MVN Infrastructure, noted:

“Over 34% of home listings in Delhi-NCR are priced at Rs 10 crore or more, highlighting the region’s transformation into a global luxury real estate hub. NRIs are playing a pivotal role in this trend, seeking spacious, well-connected residences that match international living standards.”

Gurugram & Noida: Competing for the Luxury Market

While Gurugram continues to dominate the luxury housing market with its high-end residential corridors, Noida is quickly emerging as a strong contender. The city’s rapid commercial expansion and major infrastructure projects have made it a lucrative destination for premium housing investments.

Robin Mangla, President of M3M India, commented on this evolving market:

“The increasing prominence of luxury homes in Delhi-NCR reflects a paradigm shift among HNIs and investors. The demand is driven by exclusivity, space, and premium amenities. While Gurugram remains the leader, Noida’s fast-growing commercial infrastructure is positioning it as a new hotspot for luxury real estate.”

A Bright Future for Delhi-NCR’s Luxury Market

Delhi-NCR’s luxury property market is poised for continued growth, supported by infrastructural advancements and evolving buyer preferences. The synergy between commercial development and premium residential projects is creating an environment where luxury real estate is not just about homes but about embracing a sophisticated lifestyle.

As the region cements its place as India’s premier high-end real estate destination, investors and homebuyers alike are finding unparalleled opportunities to indulge in luxury living like never before.

The post Delhi-NCR’s Luxury Property Market Surges: 34% of Homes Priced Above Rs 10 Crore appeared first on Square Feat India.

The revenue from property registrations through stamp duty collections grew by 12% year-on-year, reaching ₹12,161 crore, compared to ₹10,871 crore in 2023.

Residential properties accounted for 80% of the total registered properties, while non-residential assets made up the remaining 20%, as reported by Knight Frank India, a leading real estate consultancy. The report revealed that December 2024 alone saw 12,518 property registrations, contributing ₹1,154 crore to the state exchequer, surpassing the December 2023 figures of 12,285 registrations and ₹933 crore in revenue.

In 2024, Mumbai had over 1.41 lakh property registrations, the highest in 13 years, demonstrating the city’s sustained demand for real estate despite global economic challenges. For comparison, registrations stood at 1.26 lakh in 2023, 1.22 lakh in 2022, and 1.11 lakh in 2021. Property registrations prior to 2020 had historically been below 1 lakh.

Mumbai’s premium housing segment has also seen significant growth. Properties priced at ₹2 crore and above made up 23% of total registrations in December 2024, up from 18% in December 2023. This segment witnessed 2,879 transactions, reflecting a growing preference for luxury homes. On the other hand, properties priced under ₹50 lakh saw a decline in market share, dropping from 30% in 2023 to 25% in 2024. This shift indicates a preference among buyers for higher-value assets, according to Knight Frank India’s report.

Western and Central suburbs continued to dominate the market, accounting for 86% of the total market share. Notably, the central suburbs saw a rise in their share from 29% to 33%, driven by increased supply and heightened demand from end-users. Meanwhile, the western suburbs experienced a slight decline in market share, from 57% to 53%.

Real estate industry leaders shared their views on the property registration numbers for December 2024:

Prashant Sharma, President, NAREDCO Maharashtra:
“The remarkable growth in Mumbai’s property registrations highlights the resilience and robust demand within the city’s real estate market. The rise in stamp duty collections reflects the growing preference for premium properties and signals buyer confidence. This positive trend reaffirms Mumbai’s position as a dynamic and lucrative real estate hub.”

Rohan Khatau, Director, CCI Projects:
“The substantial increase in property registrations, along with a 12% year-on-year rise in revenue from stamp duty collections, highlights the buoyant market sentiment in Mumbai. The demand for premium homes in key suburbs reflects a clear trend toward lifestyle-driven investments.”

Nishant Deshmukh, Founder and Managing Partner, Sugee Group:
“The sustained increase in property registrations points to a mature market with discerning buyers making informed decisions. Mumbai’s growing real estate market aligns with the rise in well-planned developments offering connectivity and amenities. As a developer, we are optimistic about meeting this evolving demand through projects that balance luxury and accessibility.”

Samyak Jain, Director, Siddha Group:
“The consistent growth in property registrations and revenue is a testament to Mumbai’s strong economic fundamentals and its ability to adapt to evolving buyer preferences. The rise in the central suburbs’ market share indicates growing interest in the area, driven by modern infrastructure and seamless connectivity.”

Shraddha Kedia-Agarwal, Director, Transcon Developers:
“The upward trend in Mumbai’s property market reflects not only the city’s resilience but also the aspirations of its buyers. The increased share of properties priced above ₹2 crore showcases a preference for quality living spaces that align with today’s lifestyle needs.”

Abhishek Jain, COO, Satellite Developers Private Limited (SDPL):
“The 11% rise in property registrations in 2024 shows a healthy market driven by end-user demand and favorable economic conditions. The significant growth in premium property transactions underscores the increasing appetite for luxury housing.”

Govind Krishnan Muthukumar, Managing Director & Co-founder, Tridhaatu Realty:
“The 2024 property registration data underscores the importance of well-designed, strategically located developments. The shift towards premium properties, combined with the rise in central suburbs’ market share, signals a maturing real estate market. We are aligned with this trend, focusing on creating sustainable communities that cater to the aspirations of modern homebuyers.”

Mumbai’s real estate market in 2024 reflects a dynamic shift toward premium housing, a growing demand for suburban developments, and an overall healthy market outlook, driven by economic growth and strategic infrastructure development.

Also Read: Commercial Real Estate Market in Mumbai

The post Mumbai Real Estate Market Surges in 2024: Highest Property Registrations in 13 Years appeared first on Square Feat India.