Celebrity investments: Hot spots in Mumbai's Western suburbs revealed
Updated On: 26 July, 2024 11:29 AM IST | Mumbai | Ainie Rizvi
Celebrities are increasingly investing in residential properties, as evidenced by Alia Bhatt`s production business purchasing a 2,497-square-foot flat in Bandra for Rs 38 crore and John Abraham acquiring a 5,000-square-foot villa in Khar for Rs 70 crore. Experts decode key real estate trends and their impact on property prices
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The shift in customer preferences for larger units has created a clear opportunity for developers. But how much does it translate for a common man is left to be seen. Pic/iStock
Year after year, Mumbai reigns supreme in India’s real estate market. The first half of 2024 marked a milestone for Mumbai’s real estate, achieving the highest half-yearly sales volume since H1 2012 (with 47,259 units sold), when compared to other metro cities like Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, NCR and Pune, as reported by Knight Frank’s recent study, `India Real Estate: Residential and Office Market.’
Demand for commercial and residential properties is rising in Mumbai`s western suburbs, especially in areas like Andheri, Borivali, Bandra and Peripheral western suburbs. What factors are fueling this surge? Midday spoke with realty experts who take us through the key drivers behind the growing interest in Mumbai’s Western suburbs.
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