JLL-Naredco report says home sales in Mumbai will cross `1 trillion this year
Real Estate

JLL-Naredco report says home sales in Mumbai will cross `1 trillion this year

Housing sales in Mumbai are likely to cross Rs.1 trillion this calendar year and may breach the Rs.2 trillion -mark in 2030 on rising demand, according to a report. Realtors body Naredco's Maharashtra chapter and property consultant JLL India released a report ‘Unlocking Opportunities wit...

Housing sales in Mumbai are likely to cross Rs.1 trillion this calendar year and may breach the Rs.2 trillion -mark in 2030 on rising demand, according to a report. Realtors body Naredco's Maharashtra chapter and property consultant JLL India released a report ‘Unlocking Opportunities with Infrastructure Development’. It said Mumbai is one of India's largest residential markets, contributing 40 per cent to the total residential sales value in the country. In number of units, the Mumbai market accounts for 25 per cent of total sales volume across seven cities. In 2023, sales of residential units in Mumbai are expected to increase further.

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