In the first quarter of 2024, sales of luxury homes see a sharp increase in Mumbai, the financial hub of India. Nearly 85,000 residential units were sold between January and March 2024, up 8% from the same period the previous year, according to a recent report from CBRE South Asia. The luxury market has seen a notable influx of interest from high-net-worth individuals (HNWIs) and rich investors.
One of the reasons for the rise in the number of luxury residential properties in Mumbai is the city’s distinctive fusion of technology and tradition. Many South Mumbai neighborhoods, including Worli, Bandra West, and Malabar Hill, are well known for their affluent homes with breathtaking views of the Arabian Sea. These luxurious residential tower homes provide all the conveniences of today’s facilities.
Source – ET Now
