Luxury housing sales worth Rs 12.3 billion sold in Mumbai

15 Jul 2024 CW Team

According to a report by India Sotheby?s International Realty and CRE Matrix, the luxury housing market in Mumbai, India?s largest and most expensive property market, is experiencing significant growth driven by unprecedented sales numbers. It was noted that sales of luxury homes priced at Rs 10 crore and above in Mumbai had increased by 8%, reaching a new high of Rs 12.3 billion in the first half of 2024. This represents a substantial rise from the average bi-annual sales of Rs 71 billion observed since 2019. The report highlighted that the ongoing demand for high-end properties reflects a strong sense of optimism and confidence in the Indian economy. Factors such as rising disposable incomes, favorable government policies, and increasing interest from both domestic and international investors were cited as contributing to this upward trend. Furthermore, the development of modern infrastructure and premium amenities in luxury residences is reportedly attracting affluent buyers, further stimulating growth in the market. It was also mentioned that a record-breaking total of 1,040 luxury units were sold in Mumbai over the past 12 months, marking the highest number ever recorded in any 12-month period. This surge underscores the robust and sustained demand for luxury housing in the city.

Infrastructure Transport

17 Oct 2025

Sonowal Unveils Eight Projects at NMPA’s Golden Jubilee

Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, inaugurated the Curtain Raiser Ceremony of the Golden Jubilee Celebrations of the New Mangalore Port Authority (NMPA) at Bharat Mandapam. To commemorate the milestone, he unveiled eight major maritime infrastructure projects designed to strengthen India’s port network, enhance logistics performance, and promote sustainability. These include a modern cruise terminal, new covered storage facilities, a 150-bed multi-speciality hospital, expanded truck terminals, and improved port access infrastructure aimed at enhancing..

India To Boost US LPG Imports, Cut Middle East Reliance

India is planning to reduce imports of liquefied petroleum gas (LPG) from the Middle East as state-owned refiners prepare to ramp up purchases from the United States, according to sources familiar with the matter. The move aligns with New Delhi’s efforts to expand energy cooperation and secure a broader trade deal with Washington. State refiners have already notified their traditional LPG suppliers in Saudi Arabia, the United Arab Emirates, Kuwait and Qatar of the potential reduction in imports. Although the exact size of the supply cut was not disclosed, earlier reports suggested that Indi..

UK Sanctions Nayara Energy in Crackdown on Russian Oil

The United Kingdom has announced fresh sanctions on 90 entities, including Indian refiner Nayara Energy Limited, in its latest bid to curb Russian oil revenues and weaken President Vladimir Putin’s war funding. The sanctions, unveiled jointly by the Foreign, Commonwealth and Development Office (FCDO) and the UK Treasury, aim to disrupt networks supporting Moscow’s crude exports amid the ongoing war in Ukraine. According to the FCDO, the new restrictions are intended to “strike at the heart of Putin’s war funding” by targeting firms and assets that enable Russia’s energy trade. “..