Mumbai records the 3rd highest price rise in Q1 2024 on Prime Global Cities Index: Knight Frank for your kind perusal.
Mr. Sunil Dewali, Co-CEO of Andromeda Sales & Distribution Pvt Ltd, parent company of Andromeda Realty Advisors
Mumbai and Delhi are among the most sought-after cities in India, attracting the highest number of people from across the country. These cities' metropolitan culture, robust economic infrastructure, and diverse opportunities make them prime locations for both domestic and international companies. Consequently, the pay scales in these cities are higher, driving significant demand for property.
Mumbai, in particular, faces unique challenges due to its landlocked nature, resulting in a limited supply of properties in desirable locations. With demand consistently outpacing supply, property prices in both Mumbai and Delhi have been rising for decades and are expected to continue this trend.
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