Mumbai: Real Estate Players Predict Robust Growth Within MMR The Free Press Journal
With the property registrations witnessing a 16% increase in the revenue to the excehquer and the state government maintaining status-quo on the ready reckoner rates, the real estate developers in the Mumbai Metropolitan Region (MMR) project a robust growth within the sector. They are optimistic about bigger purchases in the areas where connectivity has been resolved with the operationalisation of infrastructure projects such as expansion of Mumbai Metro, Mumbai Trans Harbour Link (MTHL), Coastal Road etc.
President of National Real Estate Development Council (NAREDCO) Maharashtra, Prashant Sharma said, "We are optimistic about the future of the real estate sector in the MMR. Our projections indicate a robust growth trajectory, driven by several key factors. First, the increasing demand for residential properties, especially in the affordable and mid-segment categories, is a positive sign. We also see a resurgence in commercial real estate, spurred by the growing IT and finance sectors.”
