15-09-2023 11:42 AM | Source: PR Agency
Comment on JLL Report : The value of residential sales in Mumbai is expected to cross INR 1 lakh crore in 2023 and go on to breach the INR 2 lakh crore mark in 2030 By Mr Ashwin Chadha, India Sotheby`s International Realty
Below The Comment on JLL Report : The value of residential sales in Mumbai is expected to cross INR 1 lakh crore in 2023 and go on to breach the INR 2 lakh crore mark in 2030 By Mr Ashwin Chadha, CEO, India Sotheby`s International Realty
Over the past three years, Mumbai's housing market, particularly in the luxury segment, has demonstrated a consistent upward trajectory, mirroring the vitality of India's residential real estate sector. The surge in demand has propelled both supply and prices, leading to an anticipated expansion in market size.
Real estate has re-emerged as a significant component in the portfolios of Ultra High Net Worth Individuals (UHNIs), and we anticipate a further strengthening of demand from both High Net Worth Individuals (HNIs) and UHNIs. Given the rapid pace of wealth creation in India, coupled with Mumbai's trajectory towards joining the ranks of the top 20 cities with the highest number of millionaires by 2023, we believe there is an inherent robustness in Mumbai's luxury housing market that is poised to persist in the foreseeable future.
Above views are of the author and not of the website kindly read disclaimer
Latest News
SBFC Finance Soars in Q4FY24, Ending Year on a High
Kiya.ai Strengthens Its Global Footprint in the Phil...
Coming Week's Market Report by Alex Volkov, Market A...
India Strategy : Where Money Flows - Mar 2024 by Yes...
Nifty, Bank Nifty and Stocks to watch out 27.04.2024...
FPI selling in equity markets getting absorbed by do...
India set to sign trade deal with Oman to expand its...
India Yes Bank posts Q4 profit beat on lower provisions
Reduce Dr Reddys? Ltd For Target Rs.1,808 - Yes Secu...
Buy Restaurant Brands Asia Ltd For Target Rs.140 -...
Top News
Apollo Hospitals Enterprise gains on launching `Advanced COVID Care beyond Hospitals` initia...
More News
Monetary Policy Quote by Mr. Rahul Bhuskute - Chief Investment Officer, Bharti AXA Life Insu...
Bharat Dal Revolution: Affordable Pulse Power Unleashed at Rs 60/kg to Tackle Soaring Prices by Amit Gupta, Kedia Advisory
Views on RBI Monetary Policy by Mr. George Alexander Muthoot, MD, Muthoot Finance
Quote on the RBI monetary policy announcement and its impact on real estate and home loan borrowers by Kaushik Mehta, RUloans D...