The Mumbai real estate market took a different turn in 2025. Even though the total number of sales had a downward trend, the value of the transactions kept increasing due to the higher demand for premium and luxury homes.
The registrations were lively due to the festive season, and the investors’ confidence was at a high level. The Mumbai real estate market was a mirror of the city’s stamina, a very limited and specific demand, and a significant move towards more quality housing options in the luxurious micro-markets.
Q1 and Q2 2025: Steady Ground and Fewer Launches
Q1 2025 began on a stable footing, supported by mild price appreciation and consistent buyer interest. Momentum carried into Q2, although developers reduced new supply. Around 150 units were put on the market during the quarter, which indicates a strong downward trend compared to the previous year.
Most of the sales were from the Outer Mumbai areas, then from the regions of Navi Mumbai and MCGM. Real estate consumption has remained robust at a level of more than 31,000 units, the main factor being the demand for affordable and mid-range segments in the newly developing corridors.
H1 2025 Overview: Balanced Market Conditions
The first six months of 2025 ended with just under 47,000 homes changing hands and recorded a slight year-on-year movement. Increasing prices began to have an effect on buyers’ decisions. Therefore, demand was directed to the most accessible satellite areas. Market sentiment stayed positive despite affordability challenges in central locations.
Q3 2025: Premium Housing Drives Value
Q3 revealed a clear gap between volume and value. The number of homes sold dropped by around 9 per cent year-on-year, while the overall sales value went up by 14%. High-end and luxury projects in Mumbai have been the major drivers of the change, accounting for nearly 62% of the total sales value from January to September. Average residential prices have gone up by nearly 9% annually, which is a clear indication of the demand for lifestyle-oriented developments.
Q4 Momentum and Market Forces
Festive demand boosted activity, and Navratri 2025 delivered a significant rise in registrations and revenue. Institutional investments expanded rapidly across the Mumbai Metropolitan Region, strengthening long-term confidence. Navi Mumbai, Thane, and peripheral zones remained key growth pockets.
Summary
In 2025, the property market of Mumbai was more centred around creating value rather than increasing the volume, thus it changed the way buyers who plan to buy luxury apartments in Mumbai. Luxury housing growth, peripheral regions offered affordability, added stability, and festive demand added momentum. Together, these trends point toward a market adapting to changing buyer priorities and sustainable long-term growth.
Article source: https://viewdiary.com/mumbai-micro-market-snapshot-quarterly-real-estate-trends/
