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Housing

Mumbai Dominates Residential Property Market in Q3 2025

Strategic Insights

— 1 min read

Mumbai recorded the highest residential home sales in India during the third quarter of 2025, with 24,706 homes sold between July and September. This marks a 2 percent increase over the same period last year and highlights Mumbai's continued dominance in the residential property market. The report by Knight Frank India also shows a contrasting trend in the commercial real estate sector, with office rents rising by 11 percent, while transaction volumes dropped by 27 percent year-on-year. Residential unit prices in Mumbai saw a 7 percent year-on-year rise, primarily driven by steady demand in the high-value segment.

Key Takeaways:

  • Mumbai recorded 24,706 residential home sales between July and September 2025, a 2 percent increase over the same period last year.
  • Mumbai saw an 11 percent rise in average office rent during the quarter, despite a 27 percent year-on-year drop in transaction volumes.
  • Residential unit prices in Mumbai rose by 7 percent year-on-year, primarily driven by steady demand in the high-value segment (Rs 1 crore and above).
  • Bengaluru recorded 14,538 sales but saw a slight 2 percent dip, while Delhi-NCR followed with 12,955 units sold, reflecting a 5 percent drop.
  • Pune faced the biggest slowdown with an 8 percent decline in home sales, while Hyderabad and Chennai showed positive growth at 5 percent and 12 percent respectively.
  • Ahmedabad saw a marginal 3 percent increase.
  • Mumbai witnessed a 19 percent decline in new residential launches, totaling only 19,145 units, indicating a cautious approach by developers.

Statistics:

  • 24,706: Number of residential home sales in Mumbai between July and September 2025.
  • 2 percent: Increase in residential home sales in Mumbai compared to the same period last year.
  • 14,538: Number of residential home sales in Bengaluru during the third quarter of 2025.
  • 5 percent: Decline in residential home sales in Delhi-NCR during the third quarter of 2025.
  • 8 percent: Decline in residential home sales in Pune during the third quarter of 2025.
  • 19,145: Number of new residential launches in Mumbai during the third quarter of 2025.
  • 11 percent: Increase in average office rent in Mumbai during the quarter.

Sources:

  • Knight Frank India
  • Indian National Press (Bombay) Pvt. Ltd.

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