Property In India

Mumbai’s real estate market, known for its high property prices, continues to see maximum demand for homes priced up to ₹2 crore. According to data from the Maharashtra government, analyzed by Knight Frank India, nearly 80% of all property registrations annually fall within this range. This affordability sweet spot caters to a wide range of buyers, including first-time homeowners and those looking to upgrade. In 2023, over 82% of the 1.14 lakh properties registered in Mumbai were priced up to ₹2 crore. The trend held strong in 2024, with 78% of the 1.28 lakh properties registered in the same segment. The ₹2 crore price point remains popular because it strikes the perfect balance between affordability and quality, especially for middle and upper-middle-income groups. Developers, like Nahar Group with their Nahar Amaryllis project in Chandivali, offer thoughtfully designed homes with modern amenities, perfectly catering to this segment. Neighborhoods such as Borivali, Kandivali, Mulund, ...

Mumbai, often referred to as the financial capital of India, has long been a hotspot for real estate investments. While the city holds appeal for local buyers, its real estate market also attracts a significant number of Non-Resident Indians (NRIs). With its blend of urban sophistication, excellent infrastructure, and investment opportunities, Mumbai is a prime destination for NRIs looking to purchase property. In this article, we’ll explore the reasons why NRIs find Mumbai’s real estate so appealing. 1. Prime Locations with Global Appeal Mumbai boasts a range of premium locations that are globally recognized. Areas like Bandra-Kurla Complex (BKC), Lower Parel, and South Mumbai offer a cosmopolitan lifestyle, world-class infrastructure, and proximity to major business hubs. These areas mirror the luxury and convenience that NRIs are accustomed to abroad, making them a natural choice for property investments. In addition, emerging hotspots like Powai, Goregaon, and Thane are becoming in...