Mumbai has continuously been one of India’s fastest-growing real estate markets. This is because it is the financial hub of India and a popular destination for migrants and job seekers from other Indian cities. The post-pandemic economic recovery and the government’s beneficial policies have resulted in high demand for new residential projects. Indian Express reports that in August alone, Mumbai collected around 810 crore in income from over 10,000 registrations.
Credit also goes to well-known real estate developers who have built gorgeous, ultra-luxurious properties and affordable homes that appeal to different buyer demographics.
We will explore some leading real estate firms in Mumbai and their projects.
- Shapoorji Pallonji Real Estate
Shapoorji Pallonji is one of the oldest construction enterprises in India, founded in 1865. With the first-ever residential complex in Mumbai to feature a swimming pool, they made their foray into the real estate market. They have since built other renowned residential developments across the nation. Shapoorji Pallonji has created premium properties like The Odyssey, The Minerva, The Designate, BKC 28, Vicnia, and Joyville Virar in Mumbai.
Website: https://www.shapoorjipallonji.com/business/RealEstate
- Lodha Group
Founded in 1980, Lodha Group is one of Mumbai’s most well-known real estate companies. Like Shapoorji Pallonji, Lodha has developed premium residential properties all over India. Some of their projects include Bellissimo, The World Towers, and Lodha Altamount, among others.
- Godrej Properties
Godrej Properties Limited, a subsidiary of Godrej Industries Limited, was founded in 1990. They have constructed many projects in Mumbai, including Godrej Avenue Eleven, Godrej Bliss Kandivali, and Godrej Five Gardens, among others.
- Rustomjee
Founded in 1996, Rustomjee has built over a million square feet of residential and commercial spaces. Some properties you should check out are Rustomjee Erika, Rustomjee Crown, and Rustomjee Elements, among others.
- K Raheja Group
The K Raheja Group is another real estate company with state-of-the-art developments in major cities of India. They have constructed luxury projects like the Raheja Ascencio, Raheja Vivarea, Raheja Vihar, and the Raheja Vistas in Mumbai.
- Oberoi Realty
Another stellar real estate company, Oberoi Realty, has constructed some of the most luxurious and modern residential projects in Mumbai. Some of them include the Thirty Six West, Oberoi Garden City, and the ongoing Sky City in Borivali.
- JP Infra
One of the most prominent developers in North Mumbai, an area that has seen rapid growth in demand for residential projects, JP Infra has constructed projects like North Barcelona, North Garden City, North Celeste, and North Imperia in Mira Road. Along with these projects, JP Infra has also built the Unity Towers in Worli and JP Decks in Goregaon.
- Hiranandani Developers
Founded in 1978, Hiranandani Developers have built some of the most desirable properties in Mumbai like the Hiranandani Garden in Powai and the Hiranandani Heritage in Kandivali.
- Piramal Realty
With over 13 million square feet of residential spaces constructed to date, Piramal Realty is another big player in Mumbai’s real estate sector with properties like Piramal Mahalakshmi, Piral Aranya, and Piramal Revelta.
- Sunteck Realty
Sunteck Realty has about 32 properties in Mumbai that focus on providing luxury to aspiring homeowners with projects ranging from beach residences in Vasai to the uber-luxurious apartments at Signature Island in BKC. They aim to provide a sophisticated living for all budgets through projects across the city.
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