by Deepak Sawant 
Mumbai’s Property Market Breaks Records
Mumbai Real Estate Market Trends 2025 Mumbai’s real estate market saw huge growth. Nearly 49,200 homes were sold, with total sales worth over ₹1.24 lakh crore—the highest ever for the city.
South Mumbai is still the most expensive place to buy a home. But areas like Jogeshwari to Borivli and Thane are becoming more popular because they offer better value for money and more choices for buyers.
Top Areas for Home Buyers
Jogeshwari to Borivli, a stretch in the western suburbs, was the top-selling area in 2025. It saw over 18,000 homes sold across 879 projects by nearly 600 builders, bringing in over ₹40,000 crore in sales—a 39% jump from the previous year.
On the other hand, South Mumbai (like Colaba and Worli) had fewer projects but much higher prices. Homes there sold for around ₹1.8 lakh per square foot, totaling about ₹22,500 crore in value.
Thane, a fast-growing city next to Mumbai, also saw major price growth. In just three years, average prices went up by 46%, from ₹13,550 to ₹19,800 per square foot by mid-2025.
Home Prices and Unsold Inventory
In general, property prices across Mumbai went up by about 6% in 2025. The average price is now ₹27,500 per square foot.
Mumbai still has a lot of unsold homes—around 84,200 units, worth ₹2.57 lakh crore. But this is a big improvement from a few years ago when unsold homes could take up to 5 years to sell. Now, it takes around 20 months.
Most of the unsold homes are in the ₹1–2 crore range. About 30% are priced between ₹2–5 crore, and around 10% cost more than ₹5 crore. The ultra-luxury flats (₹20 crore and above) are mostly found in South Mumbai.
Why Are People Buying Now?
High Demand for Luxury Homes
Even though prices are high, people are still buying expensive homes. Wealthy buyers are investing in large, premium apartments—both to live in and as a way to grow their money over time.
Better Returns than Inflation
Home prices are growing faster than inflation. According to reports, prices are expected to rise by 6.5% in 2025, while rents could increase by 7–10%. This means owning property can give better returns than simply saving money.
New Builders and Projects
Developers from outside Mumbai are also launching projects in the city. They’re attracted by the strong demand and higher profits.
New infrastructure—like the Mumbai Trans Harbour Link and the upcoming Navi Mumbai Airport—is making far-off areas more attractive to homebuyers and investors.
Where Should You Invest?
1. South Mumbai
Still the top choice for luxury buyers. Areas like Colaba, Worli, and Bandra have sky-high prices but offer status, sea views, and excellent amenities.
2. Western Suburbs
Places like Jogeshwari, Borivli, and nearby neighborhoods are popular with middle-class families. Prices are more reasonable, and connectivity is improving thanks to new roads and metro lines.
3. Thane & Navi Mumbai
Great for first-time buyers and investors. Prices are still lower here, but they’re rising fast. Thane, in particular, has seen a 46% price jump in three years, making it a hot spot for growth.
Challenges for Buyers
- High prices: Property in Mumbai is still expensive, especially for new buyers.
- Not enough affordable housing: Most new homes cost over ₹1 crore, leaving fewer options for people on a budget.
- Rising rents: With fewer people able to buy, demand for rental homes is going up too.
- Unsold mid-range flats: There are many homes in the ₹1–2 crore range that haven’t sold yet, so some areas may have more supply than demand.
Tips for Homebuyers and Investors
✅ Look at developing areas near new highways, metro lines, or airports. Buying early in these places could give you better returns later.
✅ Check market trends. Prices are rising slowly—so pick the right time and place to buy.
✅ Avoid overcrowded markets. Some mid-range areas have too many unsold homes.
✅ Think about rental income. Buy in areas where rent is high compared to the home price.
✅ Choose trusted builders. Reputable developers often deliver better construction, clear paperwork, and on-time handovers.
What’s Next in 2026?
Mumbai’s property market is likely to grow steadily in 2026. While prices may not shoot up fast, demand will remain strong—especially in suburbs and luxury areas.
With new roads, rail lines, and airports on the way, far-off neighborhoods like Navi Mumbai, Thane, and western suburbs are expected to do well. Meanwhile, South Mumbai will stay expensive, but limited supply will keep prices high.
Final Thoughts
In 2025, Mumbai’s real estate market:
- Reached record sales levels
- Saw strong interest in mid-range and luxury homes
- Had major price growth in suburbs like Thane
- Attracted both local and outside developers
- Showed signs of healthy long-term potential
If you’re planning to buy or invest in Mumbai real estate, do your homework. Focus on areas with future growth, look for trusted builders, and make sure the price fits your budget. With the right planning, you can find a great home—or a smart investment.
