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Mumbai’s residential property sales value likely to top Rs 2 lakh cr by 2030

Mumbai’s residential property sales value : Synopsis A study by JLL-NAREDCO predicts that Mumbai’s residential sales value is expected to exceed Rs 1 lakh crore in 2023 and surpass Rs 2 lakh crore in 2030. The city has seen a robust recovery, with sales value and volume surpassing 2018 levels. The market has also seen a significant increase in the launch of residential units following the COVID-19 pandemic. The study highlights the importance of infrastructure development in driving growth and improving connectivity in emerging hubs.

Mumbai, the country’s biggest and most expensive property market.

It is expected to continue its positive momentum and is poised for further growth with its residential sales value expected to cross Rs 1 lakh crore in 2023 and go on to breach the Rs 2-lakhcrore mark in 2030, showed a JLLNAREDCO study.

*Disclaimer: Content taken from The Economic Times e-news paper

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