Indian realty becoming a focal point for global investments
image for illustrative purpose
Mumbai: India's burgeoning prominence as a global investment hub owes much to its thriving IT sector, significantly boosting its economic standing. Mumbai, the financial nucleus, vividly mirrors this growth, notably within the real estate landscape.
Sunil Dewali, Co-CEO of Andromeda Sales & Distribution, the parent company of Andromeda Realty Advisors, shared with Bizz Buzz, "The upswing can be credited to escalating demands in residential and commercial spaces, augmented infrastructure, improved connectivity, and an urban cosmopolitan environment." Recent infrastructure strides like sea links and harbor roads have further amplified connectivity, sparking interest in regions such as Navi Mumbai, Thane, Mira Road East, and Kandivali West. Hence, Mumbai, famously hailed as the 'city of dreams,' emerges as a prime choice for real estate investors.
Housing.com's latest report, leveraging exhaustive data analysis of online homebuyer activities, underscores Mumbai, Pune, and Hyderabad as pivotal forces driving the anticipated continued growth of India's residential real estate sector in 2024. These cities stand as focal points of intensified market activity, set to shape the sector's trajectory in the coming months significantly. Encouraging signals from Housing.
