Mumbai sees 6.4% rise in luxury home prices in 2022; ranks 37th globally
In Mumbai, one can buy just 113 square metres of prime property for $1 million, says Knight Frank report
In Mumbai, one can buy just 113 square metres of prime property for $1 million, says Knight Frank report
About 1.74 lakh homes—launched in 2014 or before—that are stalled continue to plague the Indian residential market.
99,416 homes were sold in India between January and June this year, and nearly 27% of the sales were during the peak of the second wave of Covid-19 infections.
Amid state-wide lockdowns imposed to tackle the surge in Coronavirus cases, and supply-chain disruptions, concerns of rising inflation remain.
The IT/ITeS, e-commerce, healthcare, and FMCG sectors have propped up the office real estate market, which is expected to record a net absorption of 32 to 35 million sq.ft. by the year end.