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However, the challenges of urban infrastructure such as overcrowding and water stress pose significant challenges and this leads corporate residents to consider Mumbai infrastructure with their expansion plans. While Bengaluru still dominates the entire Indian market in terms of housing space transactions, Mumbai holds tight. It has already left Chennai and is now a strong competitor to the top housing in the country.
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More recently, the developing partner industry has been operating the housing market throughout India and Mumbai. Co-operatives accounted for 0.8 million square meters which is almost 20% of the total housing space in Mumbai last year. While the above numbers paints a beautiful picture of Mumbai, the struggle for the city and foreign affairs is unforgettable.
Mumbai has been a business-focused market since its inception. Most major US companies and other International Development Companies have their own operations and Mumbai in India was one of them. This presence of attractive global markets has become a major catastrophe over the past decade when global crises hit global economic growth and jobs, and earthquakes were felt even in Mumbai. The housing market collapsed and the city struggled to grow.
As the growth rate of housing demand decreased, the demand for residential space also had an impact. With a low sales volume, realtors have taken a discounted price to issue their inventory and this resulted in an effective price adjustment of little less than 25%. While market equity was suspended, a new wave hit Mumbai and this time it was a complete surprise as there were huge demands for the housing segment. The ancient region of Maharashtra, the capital of Mumbai, saw a growing and growing demand for housing. It looks promising to invest at Rustomjee Bandra Bandstand.