Positive Tidings

Mayur Shah, Managing Director, Marathon Group, and President – CREDAI – MCHI, talks about the real estate scenario in Mumbai, and the impact RERA and GST has had on the realty sector

Mumbai’s real estate has been witnessing a rapid change in outlook due to policy reforms and new taxation norms in the recent times. The adoption of new construction technology, exposure to international structures and styles of construction, and increase in the spending capacity of homebuyers in the past few years has encouraged developers to up their game in the city that is home to some top-notch industrialists, Bollywood stars and professionals.

The change is easily visible in the structures that are being constructed in the city of late. These sky skimming towers have defined set notions in style and design, thereby resembling some of the best architecture from international cities. Most of these structures are being made in a manner that is sensitive to the environment and without compromising on the luxe quotient. Be it spacious homes, galleries that promise the best view of the city, customised décor, internationally designed landscapes or premium concierge services for the home dweller, all of these amenities find a mention in the latest projects being constructed in the city.