Mumbai, Bengaluru Among Top APAC Housing Growth Markets
Real Estate

Mumbai, Bengaluru Among Top APAC Housing Growth Markets

According to a recent report by Knight Frank, Mumbai and Bengaluru have secured positions among the top 10 Asia-Pacific (APAC) markets for housing price growth in the second half of 2023. The report highlights a significant surge in housing prices in these cities, indicating robust demand and market activity.

Mumbai, one of India's largest metropolitan areas, witnessed a substantial increase in housing prices, reflecting its status as a key real estate hub. Similarly, Bengaluru, known as India's Silicon Valley, experienced notable growth in housing prices, driven by the city's thriving IT and tech sector.

The report underscores the resilience of India's property market amidst broader economic fluctuations. Factors such as urbanization, population growth, and increased demand for housing have contributed to the upward trajectory of prices in these cities. Additionally, favourable government policies and infrastructure development initiatives have further bolstered the real estate sector's performance. The report's findings suggest that Mumbai and Bengaluru continue to be attractive investment destinations for property buyers and developers alike. However, rising housing prices also pose challenges related to affordability and access to housing for the general population. As these cities strive to maintain sustainable growth in their real estate markets, policymakers and stakeholders need to address issues of affordability and housing supply to ensure inclusive urban development. Overall, the inclusion of Mumbai and Bengaluru in the top APAC housing growth markets underscores their status as dynamic and resilient real estate markets in the region.

According to a recent report by Knight Frank, Mumbai and Bengaluru have secured positions among the top 10 Asia-Pacific (APAC) markets for housing price growth in the second half of 2023. The report highlights a significant surge in housing prices in these cities, indicating robust demand and market activity. Mumbai, one of India's largest metropolitan areas, witnessed a substantial increase in housing prices, reflecting its status as a key real estate hub. Similarly, Bengaluru, known as India's Silicon Valley, experienced notable growth in housing prices, driven by the city's thriving IT and tech sector. The report underscores the resilience of India's property market amidst broader economic fluctuations. Factors such as urbanization, population growth, and increased demand for housing have contributed to the upward trajectory of prices in these cities. Additionally, favourable government policies and infrastructure development initiatives have further bolstered the real estate sector's performance. The report's findings suggest that Mumbai and Bengaluru continue to be attractive investment destinations for property buyers and developers alike. However, rising housing prices also pose challenges related to affordability and access to housing for the general population. As these cities strive to maintain sustainable growth in their real estate markets, policymakers and stakeholders need to address issues of affordability and housing supply to ensure inclusive urban development. Overall, the inclusion of Mumbai and Bengaluru in the top APAC housing growth markets underscores their status as dynamic and resilient real estate markets in the region.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?