In 2025, sales decreased by 14.8%.
According to a recent JLL research, residential property sales in Mumbai reached a three-year low in 2025, with full-year transactions falling 14.8% year over year.
According to the company, demand was essentially steady in the last quarter of 2025, indicating a more cautious approach from purchasers as high-value inventory remained elevated throughout the market and housing prices continued to grow.
Demand was still dominated by growth corridors. According to JLL, Navi Mumbai had the largest quarterly proportion of residential sales at 34.5%, followed by Thane and the Eastern Suburbs. Navi Mumbai also had the biggest sales share for the entire year, at 34%, demonstrating the ongoing allure of developing residential corridors.
Additionally, developers used a careful approach. According to JLL, 12,503 new homes were introduced in the fourth quarter, which is 20% less than a year ago and 8.1% less than the previous quarter. This puts the total number of launches for 2025 at its lowest point in four years.
Navi Mumbai once again had the highest percentage of new supply releases (27.1%), followed by Thane and the Eastern Suburbs. According to JLL, 36% of new project launches fell into the INR 15–30 million price range.
Prices continued to grow steadily in spite of a decline in demand. Capital values increased 2 per cent quarter-on-quarter and 5.9 per cent year-on-year, with Navi Mumbai recording the strongest annual growth at 7.4 per cent following the inauguration of the Navi Mumbai International Airport. Additionally, rental values saw a little uptick, climbing 2.3% on a quarterly basis throughout the market.
Looking ahead, JLL said new infrastructure projects, including the airport and expanding metro connectivity, are expected to unlock new residential demand pockets. Improved transport links are likely to boost suburban housing demand, while core city locations will continue to attract luxury developments and high-value transactions.
