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Business Consulting, ZS | Management Consultant | Analytics

Mumbai's Million Dollar Question: Boom for Who? Imagine Mumbai's hottest new apartment building selling out in just 𝟕𝟐 𝐡𝐨𝐮𝐫𝐬! That's the frenzy gripping India's financial capital, where a record 𝟖𝟔,𝟎𝟎𝟎 homes were snatched up in Q1 2024. But hold on to your dabbawalas! This property boom caters largely to high-flyers. Over half these homes are luxury apartments exceeding a whopping $𝟒𝟖𝟎,𝟎𝟎𝟎! Meanwhile, affordable options (under $54,000) are scarcer than ever, making up a mere 𝟏𝟗% 𝐨𝐟 𝐬𝐚𝐥𝐞𝐬 – the lowest in a DECADE. Why the stark contrast? Mumbai's skyline is transforming. Think revamped streets, trendy districts with swanky stores rubbing shoulders with colonial architecture, and skyscrapers replacing older homes. This is a full-fledged real estate AND infrastructure boom! ️ However, the party isn't for everyone. The 𝐚𝐯𝐞𝐫𝐚𝐠𝐞 𝐈𝐧𝐝𝐢𝐚𝐧 𝐞𝐚𝐫𝐧𝐬 𝐣𝐮𝐬𝐭 $𝟐,𝟏𝟎𝟎 𝐚𝐧𝐧𝐮𝐚𝐥𝐥𝐲, a far cry from those luxury flats. This boom widens the gap between the wealthy and those priced out entirely. So, is Mumbai's property surge a golden opportunity or a gilded cage? For developers like DLF Limited selling out luxury apartments in a flash, it's a roaring success. But it also exposes a growing divide within the city. As Mumbai reaches for the sky, 𝐭𝐡𝐞 𝐦𝐢𝐥𝐥𝐢𝐨𝐧-𝐝𝐨𝐥𝐥𝐚𝐫 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧 𝐫𝐞𝐦𝐚𝐢𝐧𝐬: will the dream of owning a home stay grounded for the average citizen? #realestate #explore #luxury #Mumbai #latestupdate #milliondollar #news #foryourpage #nyc

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