Mumbai property rates soar 66% in four years due to land scarcity and limited supply, defying expert predictions of price correction.
Vertical development in India, driven by land scarcity and housing demand, fuels a 40% annual growth in the elevator industry, particularly in the housing sector.
Real estate sector faces slump due to high interest rates and economic slowdown, forcing developers to focus on affordable housing in Tier-II and Tier-III cities.