Global Commercial Real Estate Services provider, Colliers released the latest report on growing residential real estate market of Mumbai. The report exemplifies the closer insights and outlooks at dominant factors that are facilitating the Mumbai city’s growth & key developments that can be predicted on annual basis. According to the report, the dynamic area is thriving as a prominent destination for users as well as investors planning to purchase residential properties.
Top developers in the region have been functioning to put up the market needs with respect to affordability, amenities and space requirements. These developers are already given a high yields and spurred for further real estate developments in Navi Mumbai regions over the next few years. The residential market of Mumbai has fascinated multiple developers like Today Global, Paradise Group, Adhiraj Constructions, and many more who are keen to invest in the developmental arena of the region.
Commenting on this, Swapnil Anil, Executive Director & Head of Advisory services, Colliers India says "The Mumbai residential market will most likely witness ascending growth in the next decade. Given that the infrastructure upgrades will vastly improve intra-city connectivity, top developers are looking at emerging markets like Panvel, Belapur and Upper Kharghar to expand their portfolio and infuse fresh supply into the city to meet the growing demand. These peripheral markets will soon have locational convenience, modern-day infrastructure, scenic beauty and well-planned townships that will be drivers of demand and real estate prices in the region”.
Coupled with the undergoing infrastructure developments, holistic approach for developing the Mumbai area, the present outline of residential market promises for continued growth of the city in upcoming days.
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