Mumbai's rental values dipped slightly in Q3 2023, with Lower Parel, Thane, and Navi Mumbai seeing the most leasing activity. Key business districts witnessed a decline in commercial leasing.
Mumbai developers are focusing on premium residential properties as the market recovers, with high-value transactions ranging from Rs 5 crore to Rs 35 crore.
Mumbai Sees Rapid Residential Price Growth, Tops at Rs 97,842/sqft
The Maharashtra government aims to sell leased land in South Mumbai, potentially raising significant revenue, despite concerns over the real estate market’s condition.