The Mumbai Metropolitan Region has emerged as India’s top performing residential market in 2025, driven by strong demand in premium and mid income housing segments. According to the CREDAI and Liases Foras report, the region continues to lead the country with steady growth, rising prices, and robust buyer interest.
Greater Mumbai played a central role in this performance, recording residential sales worth ₹1.33 lakh crore, the highest in the country. Demand remained concentrated in higher value segments, with properties priced between ₹2 crore and ₹5 crore contributing significantly to overall sales. This trend reflects a shift towards premium housing among buyers seeking better amenities and long term value.
Supply patterns across the region highlight a growing preference for 2BHK homes, particularly in the ₹1 crore to ₹5 crore range. At the same time, 1BHK units continue to cater to buyers in the ₹50 lakh to ₹2 crore category. The market in Greater Mumbai currently includes 2,663 projects developed by 1,581 builders, with an estimated inventory of 20 months. This indicates a balanced demand and supply scenario with scope for further growth.
Price appreciation across MMR remained stable during the year. Greater Mumbai recorded a Housing Price Index growth of 3.4 percent, signalling a consistent upward trend supported by strong economic fundamentals and sustained housing demand.
Other key regions within MMR also contributed to this growth. Thane and Navi Mumbai continued to expand as major residential hubs, supported by improved infrastructure and connectivity. Both regions recorded an HPI growth of 4.5 percent in 2025. Thane saw strong demand in upper mid income and premium housing, while Navi Mumbai witnessed balanced demand across mid income and emerging premium segments.
Kalyan-Dombivli is also gaining momentum as an affordable housing destination. The area recorded an HPI growth of 3.0 percent, driven by improving infrastructure and relatively lower property prices. Demand here remains focused on homes priced below ₹75 lakh.
Peripheral markets such as Vasai-Virar and Mira Bhayandar are witnessing steady demand as well. These regions recorded HPI growth of 2.1 percent, supported by affordability and expanding residential development.
Overall, the report highlights that strong infrastructure development, better connectivity, and a stable economic environment are key factors driving sustained growth in MMR’s housing market.
