Mumbai's commerce and business sector benefited from the Jawaharlal Nehru Port Authority (JNPA) awarding industrial plots in its Navi Mumbai Special Economic Zone (SEZ) for almost twice the reserve price to nine winning bidders. This exceptional land demand shows the region's economic potential.

The Mumbai real estate market in 2023 has survived global economic storms and reached unprecedented heights, signifying a turning point. A strong economy, growing disposable incomes, a tendency towards bigger living spaces have laid the groundwork for Mumbai real estate in 2024.

Mumbai realtors, under CREDAI-MCHI, have petitioned the Maharashtra government for policy changes to lower rising property prices, which are hurting the city's economy.

Mumbai, India's financial hub, is seeing a real estate building boom in 2023. Mumbai's real estate business offers several chances for stakeholders with over 11,000 active building sites.

According to Mumbai property specialists, the number of property sale registrations in BMC-registered Mumbai in September 2022 exceeded 8,600 units. These property registrations generated around 7341 Cr rupees to the economy of Maharashtra.

As a result of the outbreak, there has been a surge of activity in the property market. As a consequence of the robust performance of the private sector economy, there has been an uptick in inquiries for tenancy in both commercial and residential properties.

According to major real estate specialists in the Mumbai real estate business, the Maharashtra Budget 2022's infrastructure push was long overdue for a state aspiring to become a USD1 trillion economy.