Mumbai Residential Market Poised to Achieve ₹2 Lakh Crore Milestone in Sales by 2030, Reports JLL
Mumbai, August 30, 2024 – Mumbai’s real estate landscape is gearing up for substantial growth, with residential sales projected to surpass ₹2 lakh crore by 2030, according to the latest findings by JLL, a global leader in real estate and investment management. This anticipated milestone reflects Mumbai’s enduring appeal as a premier investment destination in India. In 2023, Mumbai’s residential market saw sales exceed ₹1 lakh crore, a testament to its resilience and attractiveness to investors. The momentum is expected to continue in 2024, with sales forecasted to rise above ₹1.35 lakh crore. The Mumbai Metropolitan Region (MMR) is witnessing robust activity, with primary residential market sales on track to surpass ₹1.35 lakh crore this calendar year. Key infrastructure projects such as the Mumbai Trans Harbour Link (MTHL), Navi Mumbai Suburban Rail, and expanding Metro networks have played a pivotal role in boosting connectivity throughout Mumbai and its outskirts. This enhanc...