Mumbai Housing Hits a Record Year: 97,000 Homes Sold and Prices at a 13-Year High
Mumbai's property registrations closed the year at a record, with roughly 97,000 homes changing hands and average realisations at their highest in over a decade.
Three drivers
- Redevelopment unlocked supply in locations where greenfield land does not exist.
- A stable policy rate through most of the year kept EMIs predictable.
- Infrastructure delivery — metro lines and the coastal road — re-priced specific micro-markets.
The caution is affordability. When price growth outruns income growth for long enough, volumes stall before prices do.
