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Indian Real Estate News : Mumbai
Mumbai Expects Growth in Mid Segment Residential Market in 2011
Source: indiainfoline.com Dec 29, 2010
According to Anuj Puri, Chairman and Country Head, Jones Lang LaSalle India, Mumbai is ideal for mid-segment residential investment while Gujarat State is the perfect option for industrial real estate investment. As for commercial investment, Mumbai, Delhi and Bangalore are the primary destinations. All these cities and segments saw recovery from the preceding slump and showed considerable growth in 2010.

Demand for mid-segment residential units in Mumbai is far greater than available and future supply, therefore growth is expected in 2011. In the industrial sector, cities such as Ahmedabad, Vadodara and other port cities in Gujarat are seeing the highest growth. This is mainly driven by logistics and warehousing".

He also added ,"In the commercial sector, Mumbai, Delhi and Bangalore continue to be the business hot-spots in India, and therefore the demand for Grade A office space continues to be high. We expect investment in any of these options to fetch returns of 15% to 20% over the long term."

Tag: Delhi, Mumbai, Noida, Property Prices, Pune, Real Estate Developers, Real Estate India, Real Estate Trends
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