According to JLL’s most recent report, India’s residential real estate market hit a historic milestone in 2024 with 302,867 unit sales, an 11% year-over-year growth. This surge represents a 63% increase in annual sales for the post-pandemic period (2022-2024) compared to the average of the previous decade (2010-2019), reflecting a
The Atal Setu, formerly the Mumbai Trans Harbour Link, was officially opened as India’s longest sea bridge on January 12, 2024, linking Mumbai and Navi Mumbai. The enormous infrastructure project, which was constructed for Rs 17,840 crore and spans 22 km, was hailed as a game-changer for the region’s transport
According to property registration documents obtained by CRE Matrix, Mumbai-based K Raheja Corp has agreed to pay Rs 466 crore for 5.75 acres of land in the Kandivali neighbourhood of Mumbai. Market reports claim that K Raheja Corp intends to use the land piece for the development of a residential
According to Knight Frank India research released earlier this week, residential property prices in the Mumbai Metropolitan Region (MMR), which includes Greater Mumbai, increased by 5% annually in 2024. Out of eight Indian cities, the weighted average price was the highest at Rs 8,277 per square foot. The micromarkets in
With the goal of making Rs 21.50 billion, Arkade Developers has announced the rehabilitation of three residential complexes in Mumbai. In their plans for these projects, the company described how 20,232 square meters, or roughly five acres, will be developed across important micromarkets in Mumbai’s western suburbs, including Andheri East,
The Brihanmumbai Municipal Corporation (BMC) has one month to present its budget for the fiscal year 2025–2026. According to the BMC’s records, as of December 31, 2024, the civic authorities had spent around Rs 18,991 crore, or 52.23%, of the authorised capital expenditure. Up till December 31, 2023, 36.39% of
According to a Knight Frank India analysis, the residential real estate market in Mumbai saw an 11% increase in property sales in 2024, particularly luxury residences in the Rs 5 to Rs 10 crore and Rs 20 to Rs 50 crore price range. In 2024, 96,187 housing units were sold
According to a Knight Frank India report released on Tuesday, home prices in the Mumbai Metropolitan Region (MMR), which covers Greater Mumbai, increased by 5% annually in 2024, with a weighted average price of Rs 8,277 per square foot. It claimed that out of the eight cities in the nation,
Navi Mumbai is quickly becoming a key destination for commercial real estate, thanks to well-planned urban growth and important infrastructure initiatives. Major projects like the Navi Mumbai International Airport (which is scheduled to open next year), the Mumbai Trans Harbour Link (MTHL), and metro lines are improving its attraction and
According to a survey released by Savills India on January 3, the price of under-construction properties has increased by almost 55% in the past year. “Gurugram and Mumbai led the surge in under-construction property values, with increases of up to 55% and 10%, respectively, while Bengaluru and North Goa saw
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