Browsing Tag

property market

15 posts
Revolutionizing Mumbai’s Real Estate: The Impact of Infrastructure Development on the MMR Landscape

Peripheral Areas Outshine Mumbai’s Prime Locations in Residential Price Appreciation

Mumbai Metropolitan Region (MMR) is witnessing a shift as peripheral areas like Panvel and Virar are outpacing prime locations such as Worli in residential price appreciation. Enhanced connectivity, improved infrastructure, and affordable housing are driving this growth, making suburban areas increasingly attractive to homebuyers and investors.
Rental residential market

Rents Surge 7.4% QoQ Across Major Cities, Rental Yields Increase to 3.62%

Rental prices in major cities across India saw a significant increase of 7.4% quarter-on-quarter (QoQ) between July and September 2024, marking the highest rise in two years. Chennai, Delhi, and Thane led the charge, with sharp rent hikes driven by high demand and limited supply. Meanwhile, rental yields averaged 3.62%, with Ahmedabad recording the highest yield. The report highlights a growing imbalance between rental demand and supply, which is expected to continue influencing prices in the coming quarters.
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.

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.
Mumbai Coastal Road to be a catalyst for real estate growth in Western Suburbs

Mumbai’s Property Market Shows Resilience with Rising Registration Figures and Revenue

Mumbai’s property market is witnessing a remarkable upswing, with October 2024 recording 12,714 registrations and generating ₹1,187 crore in revenue. This significant growth compared to the previous year highlights a recovering market fueled by favorable economic conditions and increasing buyer confidence. Explore the implications of this trend for both homebuyers and investors in the city.