Views of Mr. Sandeep Raheja, Chairman, K Raheja Realty on Real Estate Trends and Outlook in 2024.

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New Delhi, January 13, 2024: The demand for real estate in Mumbai constantly surges amidst an era marked by dynamic economic growth and is primarily driven by the intricate balance between urban progress and elevated living standards. The upswing in demand and sales isn’t a mere statistical trend but a testament to the city’s unshakeable commitment to infrastructure advancements.

Elevated connectivity, gated communities and meticulously uplifted amenities together compose a symphony for aspiring homebuyers. Faster and more convenient modes of transport, including the newly constructed metro lines, have further triggered growth.

Positively, we anticipate a 5.5% increase in prime property prices, reflecting a promising outlook for demand and sales in Mumbai’s real estate market.