Mumbai's redevelopment wave is reshaping old neighbourhoods, unlocking 326.8 acres, improving safety, and drawing developers to a city short on land.
The RLDA secured a staggering ₹2,251 crore bid for 2.67 acres at Mahalaxmi on a 99-year revenue-share lease. This record auction highlights robust investor faith in South Mumbai's prime location, boosting prospects for mixed-use developments amid land scarcity and strong demand for premium properties.
Bengaluru's real estate prices continue rising despite market concerns, with areas like JP Nagar seeing values double since 2016. Sustained tech demand and limited land drive growth, defying expectations of a market correction.
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.