Mumbai's Ultra-Luxury Housing Faces Overhang

24 Nov 2023 CW Team

The ultra-luxury housing segment in Mumbai, primarily concentrated in the southern and central parts of the city, is grappling with an overhang. The inventory, which once stood at a notable level, has now declined but remains substantial at 38 months. This situation points to a prolonged period required to clear the existing supply in the ultra-luxury housing market.

The persistence of the overhang in Mumbai's ultra-luxury segment suggests challenges in demand matching the available high-end housing supply. Market dynamics and economic factors may be contributing to the extended time frame required for the absorption of these premium properties.

As stakeholders navigate the complexities of the real estate landscape, insights into the overhang in the ultra-luxury housing market offer valuable perspectives for developers, investors, and potential buyers. Understanding the factors influencing this trend is crucial for informed decision-making in Mumbai's upscale real estate sector.

Infrastructure Transport

01 Sep 2025

Indian Railways Marks New Milestone with 4.5 km Long ‘Rudrastra’ Trial

Indian Railways has successfully conducted the trial run of Asia’s longest freight train, named ‘Rudrastra’, achieving a new milestone in cargo transportation, as per news reports. The 4.5 km-long train began its trial from Ganjkhwaja railway station in Chandauli, Uttar Pradesh, and travelled to Garhwa in Jharkhand. Covering a distance of 209 km in 5 hours and 10 minutes, it maintained an average speed of 40.5 km per hour. The train was formed by combining three long-haul racks, with ..

UltraTech Launches India’s First On-Site Hybrid RTC Renewable Energy Project

UltraTech Cement has operationalised a 7.5 MW round-the-clock (RTC) hybrid renewable energy project at its Sewagram Cement Works in Gujarat. The first-of-its-kind solution combines bifacial solar modules with trackers, wind energy and battery storage, co-located on-site, to ensure uninterrupted power for cement manufacturing without grid reliance. The project was executed in collaboration with clean energy solutions provider Gentari. Installed as a behind-the-meter system, it is the country..

Patna Metro Trials Successful, Red Line Priority Corridor to Launch This Month

Patna is set to roll out its first metro rail service later this month, with successful trial runs conducted on the Red Line priority corridor, the Patna Metro Rail Corporation announced.On 7 September, a metro train completed a test run between the Patna depot and Bhootnath station. Officials said the trials involved rigorous checks of rolling stock fitness, overhead electrification (OHE), and track alignment and stability to ensure operational safety and performance.The corridor from the New Pataliputra Bus Terminal to Bhoothnath has been designated as the priority stretch and will be the fi..