Mumbai’s real estate market continues to rise sharply, and financial educator Akshat Shrivastava offers a simple reason: Indians have a deep-rooted emotional and cultural connection with owning property.
In a recent video, Shrivastava highlighted how most Indian families still prioritize real estate as their primary form of investment, often seeing it as a symbol of stability, legacy, and social status. Despite the availability of mutual funds and stocks, many prefer tangible assets like homes, especially in major metros like Mumbai.
This emotional preference, combined with limited urban land and increasing demand, pushes prices higher year after year. Shrivastava also noted that developers in cities like Mumbai cleverly package smaller apartments at high prices and buyers still invest, believing in long-term value appreciation.
Moreover, with low rental yields and high purchase costs, real estate may not always be financially efficient but culturally, it remains king.
As long as this mindset persists, Mumbai’s property market is unlikely to cool down anytime soon.
