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Mumbai Property: Demand for housing is increasing from small towns to large cities. This demand is even greater in metro cities. Meanwhile, a recent report on home sales in Mumbai has been released. According to this report, 24,706 homes were sold in Mumbai from July 2025 to September 2025.
Mumbai Property: Demand for real estate in the country remains high. Residential housing is experiencing a steady increase, as is the demand for office space. Meanwhile, a recent report from real estate consultancy firm Knight Frank, India, has revealed significant developments. According to the report, Mumbai recorded the highest number of residential home sales in India in the third quarter. Between July and September 2025, 24,706 homes were sold, a 2% increase compared to the previous year.
According to a Knight Frank India report, average rents per transaction in the office market increased by 11%, while transaction volume declined by 27% year-on-year. The average price of residential units in Mumbai grew by 7% (YoY), primarily due to stable demand in the high-value segment (above ₹1 crore).
Know the situation of other cities
According to the report, after Mumbai, Bengaluru saw the second-highest number of home sales, with 14,538, but a 2% year-on-year decline. Delhi-NCR, on the other hand, saw 12,955 homes sold, a 5% year-on-year decline. Pune saw the steepest decline, with sales falling 8% year-on-year. Looking at the southern markets, Hyderabad saw 9,601 homes sold, a 5% increase. Chennai saw 4,617 homes sold, a 12% increase. Ahmedabad saw a marginal 3% increase in home sales.
Mumbai sees a decline in new launches
According to a Knight Frank report, Mumbai saw a 19% decline in new launches, totaling 19,145 units. Developers’ cautious approach to new launches has also resulted in a limited number of residential projects being launched nationwide. This clearly indicates that developers are prioritizing capital conservation and completing projects as quickly as possible.
Gulam Zia, Senior Executive Director (Research, Advisory, Infrastructure and Valuation), Knight Frank India, says the market grew primarily due to demand from premiumisation users, while based on price increases, demand remained stable.
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