Housing Sales in Mumbai and Pune Double to 1.05 Lakh Units in 2022-H1 2025
Housing sales in Mumbai and Pune have nearly doubled from 46,528 units in 2016-2019 to 105,332 units between 2022 and H1 2025, according to a joint report by JLL and NAREDCO. The report highlights the surge in premium housing and the decline in affordable housing, prompting new policy measures.
Housing SalesAffordable HousingReal EstateMaharashtraJllnaredcoReal Estate PuneSep 26, 2025
The share of premium housing (₹1 crore and above) surged from 43% to 59% of launches in the two cities. However, mass housing (under ₹1 crore) fell from 57% to 40%, and affordable housing (under ₹50 lakh) dropped from 15% to 12%, highlighting the need for targeted policy measures, said the JLL-NAREDCO report titled ‘Towards Housing for All in Maharashtra - The 2025 Policy Blueprint’ released at the 4th edition of The Real Estate Forum 2025 held in Mumbai on September 26.
In response to this trend, policymakers have announced a ₹70,000 crore plan to deliver 3.5 million affordable homes by 2030, with new peripheral clusters emerging as cost-effective alternatives to expensive city-center locations, the report stated.
“The 'My House, My Right' policy addresses this supply-affordability gap through an estimated ₹70,000 crore investment targeting 3.5 million EWS/LIG homes by 2030, emphasizing inclusivity, sustainability, and reliability. The initiative leverages AI-powered transparency via the State Housing Information Portal (SHIP) and integrates with government platforms like MahaRERA and PM Gati Shakti. This is a step in the right direction and towards a better tomorrow,” said Karan Singh Sodi, Senior Managing Director (Mumbai MMR & Gujarat) and Head-Alternatives, India, JLL.
“The Maharashtra State Housing Policy 2025 serves as an economic transformation blueprint that leverages data-driven governance and comprehensive housing strategies to create new markets. It establishes a balanced incentive framework for stakeholders, providing developers with 2.5 FSI for senior housing, 15% commercial FSI for student housing, and 1% GST across all segments,” said Samantak Das, Chief Economist and Head of Research and REIS, India, JLL.
“The Maharashtra State Housing Policy 2025 arrives at a critical juncture when our residential markets are experiencing unprecedented velocity yet facing deep structural challenges in affordability and inclusivity. By prioritizing 'Majhe Ghar, Majhe Adhikar' as its guiding sentiment, this policy doesn't just promise housing targets, it reshapes Maharashtra's urban future, making it more equitable, sustainable, and inclusive for generations to come,” said Prashant Sharma, president, NAREDCO Maharashtra.
Mumbai’s metropolitan region shows potential through four planned affordable housing corridors, each supported by infrastructure investments and enhanced connectivity. These include the Navi Mumbai Corridor (Panvel–Ulwe–Karanjade), the Thane Development Zone (Ghodbunder Road–Bhayandar Pada), the Vasai-Virar Growth Belt (Nalasopara–Naigaon), and the Kalyan-Dombivli Hub, the report noted.
Pune follows a four-directional growth model, leveraging data-driven planning to create specialized economic zones while maintaining affordability. The corridors include the Northern IT Integration Zone (Moshi–Chakan–Punawale) which is close to established IT corridors, reducing commute times by 40–60%. North-Eastern employment corridor (Wagholi–Charholi Budruk–Wadgaon Shei) that includes rapidly expanding employment centers with annual job growth exceeding 25%. The South-Western planned communities (Dhayari–Wadgaon Budruk) that are designed with planned amenities and infrastructure for residential growth and the South-Eastern infrastructure-ready markets (Handewadi–Autadwadi–Undri).
Frequently Asked Questions
What was the percentage increase in housing sales in Mumbai and Pune from 2016-2019 to 2022-H1 2025?
Housing sales in Mumbai and Pune nearly doubled, rising from 46,528 units in 2016-2019 to 105,332 units between 2022 and H1 2025.
What is the 'My House, My Right' policy and what does it aim to achieve?
The 'My House, My Right' policy aims to address the supply-affordability gap through a ₹70,000 crore investment targeting 3.5 million EWS/LIG homes by 2030, emphasizing inclusivity, sustainability, and reliability.
What are the key incentives provided under the Maharashtra State Housing Policy 2025 for developers?
The policy provides developers with 2.5 FSI for senior housing, 15% commercial FSI for student housing, and 1% GST across all segments.
What are the four planned affordable housing corridors in Mumbai?
The four planned affordable housing corridors in Mumbai are the Navi Mumbai Corridor, the Thane Development Zone, the Vasai-Virar Growth Belt, and the Kalyan-Dombivli Hub.
What is the four-directional growth model for affordable housing in Pune?
Pune's four-directional growth model includes the Northern IT Integration Zone, the North-Eastern employment corridor, the South-Western planned communities, and the South-Eastern infrastructure-ready markets.
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