Mumbai's real estate market shifts to homeownership due to rising costs, evolving demographics, and pandemic-driven preferences.

Mumbai's real estate market is shifting to homeownership due to rising costs, evolving demographics, and pandemic-driven preferences. The growing middle class, urbanization, and favorable tax incentives are contributing factors. The Indian real estate sector has grown significantly, with Nifty Realty gaining 133% in FY24, and the pandemic has led to increased demand for larger living spaces.