The completion of the Mumbai Trans Harbour Link and the 57% progress of Navi Mumbai International Airport are revolutionizing connectivity, sparking real estate growth in Navi Mumbai's suburbs.
Navi Mumbai's housing market saw a 17% YoY sales decline and 56% drop in new launches during Q2 2025, reflecting broader real estate corrections despite infrastructure upgrades like MTHL. PropEquity data highlights cautious developer strategies amid economic pressures.
Godrej Properties has acquired a 90-acre land parcel in Khalapur, Raigad, near Mumbai, to develop premium residential projects targeting the growing demand for high-end properties in strategic locations.
South Mumbai's luxury real estate market is experiencing unprecedented demand from HNIs and Bollywood celebrities, with recent high-value transactions highlighting a strong upward trend in premium property acquisitions.
Prime Minister Narendra Modi inaugurated the Mumbai Trans Harbour Link (MTHL), expected to cut travel times and boost economic growth. Real estate experts have mixed opinions on whether property prices will rise.
Prime Minister Manmohan Singh prioritizes the Navi Mumbai airport project, ensuring compensation for affected individuals while addressing infrastructure challenges in Maharashtra.