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The sector is expected to grow at a rate of 30% over the next decade.

Did you know Malabar Hill, Cuffe Parade, Juhu Bandra and Worli are the most expensive localities in Mumbai, with property prices hovering at Rs 30,000-60,000 per sq ft?

The Real Estate (Regulation and Development) Act, 2016 is an Act of the Parliament of India which seeks to protect home-buyers as well as help boost investments in the real estate industry. The Act establishes a Real Estate Regulatory Authority (RERA) in each state for regulation of the real estate sector and also acts as an adjudicating body for speedy dispute resolution. The bill was passed by the Rajya Sabha on 10 March 2016 and by the Lok Sabha on 15 March 2016. The Act came into force on 1 May 2016 with 61 of 92 sections notified. The remaining provisions came into force on 1 May 2017.
Source - Wikipedia

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Due to a rise in income for the millennials, they are able to buy and rent out properties now.
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The last and final tower, Lodha Adrina!
With multiple benefits and lavish homes, Adrina provides one the most luxurious lifestyles in Mumbai.

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Due to increase in loans the demand for real estate has increased as well!

And which is why ready to move- in houses are highly in demand

Blackstone Inc. is an American alternative investment management company based in New York City. In 2019, Blackstone converted from a publicly traded partnership into a C-type corporation.
The US-based private equity major has already kick-started the process of listing the proposed REIT by integrating and preparing its portfolio of mall properties across the country, they said.
Source - Economictimes

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The sector for real estate is embarking on a growth trajectory due to more fractional ownership and REITs.

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