(source : ANI) ( Photo Credit : ani)
Mumbai’s real‑estate market is booming, with the city posting a 26 percent jump in residential sales this year – the fastest growth rate in India. Strong roads, new metro lines and the upcoming Mumbai Trans‑Harbour Link are turning the city into one of the most connected and desirable places to live.
Infrastructure is the key driver. The new metro corridors, coastal road upgrades and expressways are turning once‑peripheral neighbourhoods into sought‑after pockets, especially for families and young professionals who want quick access to work and the beach. The Mumbai Trans‑Harbour Link, for example, will cut travel time from Sewri to Navi Mumbai from nearly two hours to just 20‑25 minutes, a change that is already lifting property values.
Buyers are also changing what matters. Integrated townships, high‑rise complexes and gated neighborhoods that offer gyms, gardens and even co‑working spaces are attracting the demand that used to be focused only on price and location. Reputation and on‑time delivery from developers such as Piramal Realty have become the decisive factors for both buyers and investors.
Affordability remains a challenge. In 2024 alone, 49 ultra‑luxury homes above ₹100 crore sold in India, with 69 percent located in Mumbai. Prime‑location flats are among the most expensive in the country, so many buyers rely on home loans, subsidy schemes, and careful financial planning.
Piramal Realty is building on this momentum with projects that blend connectivity, lifestyle amenities and long‑term value:
- Piramal Aranya, Byculla – 7 acres of ready‑to‑move towers offering 2–5 BHK flats in one of South Mumbai’s hottest addresses.
- Piramal Mahalaxmi, Jacob Circle – sea‑facing 2–4.5 BHK homes and a penthouse collection with views of the Racecourse and Arabian Sea, ready for move‑in or under construction.
- Piramal Revanta, Mulund – a 12‑acre site with towers ranging from 1–7 BHK, including the new Rayansh tower and 50+ amenities at Club Rasa, linked to the Eastern Express Highway and the upcoming Metro Line 4.
Regulatory transparency has also improved. The Real Estate (Regulation and Development) Act (RERA) now requires developers to disclose approvals, land titles and registration details, boosting buyer confidence. In Q2 2025, Mumbai launched 19,044 new residential units – a record that outpaces the 17‑quarter average and confirms the city as India’s most dynamic property market.
Looking ahead, the trend should continue. New metro lines and road projects are pushing demand toward emerging suburbs, giving buyers more options for affordable yet well‑connected homes. For those still searching for their dream flat, it’s a good time to partner with a developer that offers proven quality and durability, like Piramal Realty.
Source: aninews
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