Mumbai’s real estate market, known for its opulent properties, launched an average of 150 property units daily in the first half of 2023, according to data from the Maharashtra Real Estate Regulatory Authority.
Mumbai Real Estate
Among the many tony areas of Mumbai, Bandra West, especially the Pali Hill area. It has become the focal point of the real estate sector with its alluring mix of state-of-the-art residences, Bollywood glamour, and old-world charm.
In 2023, for 39 houses in Pali Hill, Rs. 15 crores to Rs. 55 crores will be in the price bracket. The total agreement value of the houses sold during the year reached Rs. 500 crores. The number of houses sold has increased significantly compared to the 172 properties sold in the last six years.
Demand for 4-Bedroom Units
3-bedroom apartments are transitioning to larger homes, leading the market. During the year, 17 units were sold, indicating a noticeable trend. Demand for 4-bedroom units remains strong. The growing demand for high-end properties indicates a strategic shift in lifestyle aspirations. Discerning buyers appreciate the unique value associated with a Pali Hill address.
Ashar Group Director and MCHI-CREDAI Managing Committee member Ayushi Ashar said Pali Hill as a market is a leading hub for high-end property investment. Constantly attracting investors for stability and growth opportunities.
The trend is Being Influenced|Ayushi Ashar
There are many properties with convenient amenities to create a good lifestyle for themselves and their families. She says the trend is influenced by the perception that customers prefer locations with unique homes.
Ashar Group, which is developing on the premises of Bollywood actor Dilip Kumar’s bungalow, has launched its second luxury project, ‘The Legend by Ashar’ at Pali Hill, she said.
Conclusion
Attracting buyers with modern residences, Bollywood glamour, and old-world charm, Pali Hill is a popular hub for high-end property investment in Mumbai. Perceptive customers are driving the trend toward expansive homes with modern amenities and a prestigious location. Visit our Openplot.com for more information.
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