Mumbai’s Real Estate Milestones in 2024: Building the Future Skyline

Mumbai, the city of dreams, has always been a magnet for ambitious real estate developments. In 2024, the city witnessed landmark land deals worth over ₹2,500 crore, showcasing its ever-evolving skyline. From luxury housing to data centers, these investments highlight Mumbai's resilience and growth in the real estate sector.

Here’s a glimpse of some of Mumbai’s top real estate deals

1. Century Textiles – ₹1,100 Crore

Located in Worli, this 10-acre leasehold land deal by Nusli Wadia sets the stage for a luxury real estate project with a whopping ₹14,000 crore potential.

2. Runwal Developers – ₹726 Crore

This prime parcel, acquired from Kansai Nerolac Paints in Lower Parel, is set to transform into a high-end residential project valued at ₹8,000 crore.

3. Agarwal Holdings – ₹455 Crore

In the upscale Juhu locality, this 19,589.22 sq ft land, bought from Shapoorji Pallonji Group, is slated for exclusive high-end development.

4. Blueprintify Properties – ₹210 Crore

Spanning 20.5 acres in Kandivali, this land deal with Mahindra & Mahindra will give rise to a vibrant mixed-use real estate project.

5. Equinix India – ₹155 Crore

This 1.38-acre plot in Chandivali will bolster Mumbai’s data center infrastructure, ensuring the city stays at the forefront of digital innovation.

In 2024, Mumbai proved once again why it’s India’s real estate magnet. The city accounted for 12% of all land deals in India in the first nine months, a massive 65% growth from 2023. These investments reflect Mumbai’s dynamic potential, from luxury housing to tech hubs, cementing its place as a city that constantly builds its future.

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