Mumbai, Mar 30: The Mumbai Metropolitan Region (MMR) emerged as India’s top-performing residential market in 2025, led by sustained demand across premium and mid-income housing segments, according to the CREDAI–Liases Foras Report.
Greater Mumbai anchored the region’s performance, recording the highest residential sales value in the country at ₹1,33,005 crores. Demand remained concentrated in higher-value segments, with the ₹2 crore–₹5 crore category emerging as the leading contributor to overall sales.
Supply trends indicate a strong preference for 2BHK configurations, particularly in the ₹1 crore–₹5 crore range, while 1BHK units remain concentrated in the ₹50 lakh–₹2 crore segments. Greater Mumbai’s market comprises 2,663 projects by 1,581 builders, with an estimated 20 months of inventory, indicating a stable yet evolving demand-supply balance.
Price appreciation across MMR remained steady in 2025. Greater Mumbai recorded an HPI of 3.4%, marking a recovery and consistent growth trajectory, supported by strong economic fundamentals and sustained real estate demand.
Within MMR, Thane and Navi Mumbai continue to drive regional expansion, supported by improving connectivity and infrastructure development. Both markets recorded HPI growth of 4.5% in 2025, reflecting steady demand and increased housing activity. Thane witnessed strong traction across upper mid-income and premium segments, while Navi Mumbai saw demand distributed across mid-income and emerging premium categories.
Kalyan-Dombivli is gaining traction as a suburban growth hub, with HPI rising to 3.0% in 2025, driven by affordability and infrastructure improvements. The market remains largely skewed toward affordable and lower mid-income housing segments, with demand concentrated in the sub-₹75 lakh categories.
Peripheral markets such as Vasai–Virar and Mira Bhayandar continue to witness steady traction, supported by affordability and expanding residential development. Both markets recorded an HPI of 2.1% in 2025, with demand largely concentrated in affordable and mid-income segments.
The report attributes the sustained growth across MMR to ongoing infrastructure upgrades, enhanced connectivity, and the region’s strong economic base, which continues to drive both end-user demand and investment activity across key micro-markets.
