Mumbai’s realty market to drive India’s real estate growth – Here’s why

financialexpress.com:

India’s real estate sector, a rapidly accelerating and dynamic force globally, has demonstrated remarkable resilience and growth in the first half of the year. A comparison of H1 this year with the last reveals a staggering 48% increase in performance among leading developers. The first quarter of this financial year has been particularly exhilarating, with significant consolidation observed. Major players like Prestige, Godrej, and Lodha, with their pan-India presence, are increasingly dominating the market share.

The first half of the year has seen a clear trend of market consolidation, with top developers like Prestige, Godrej, L&T, and Lodha expanding their market share through aggressive strategies. This period has also witnessed one of India’s largest land deals, signalling robust investor confidence. Japanese investments, particularly in the Mumbai Metropolitan Region (MMR), have been substantial, indicating a strong, ongoing interest in the Indian real estate market. Recently, Sumitomo Realty has invested nearly 200 billion yen in office building development at the Bandra Kurla Complex, a rapidly developing residential and business district in Mumbai. Japan’s Sumitomo Realty has till date pumped around 500 billion yen into Indian Real estate sector.

Mumbai’s real estate market is undergoing a significant transformation, driven by a post-pandemic demand resurgence and favourable government policies and metro development of 357km across 14 lines. The city has experienced a notable increase in property transactions and stamp duty revenue. Emerging areas are gaining popularity, and the luxury segment is evolving towards sustainable, technology-integrated living solutions. The market’s attractiveness is further