Mumbai Sees Record Housing Registrations in 2025 Despite Affordability Pressures: Nuvama Report

The real estate market in Mumbai has seen an unprecedented surge in housing registrations in 2025, according to a comprehensive report by Nuvama, a leading real estate research and analytics firm. Despite ongoing affordability pressures, the city has managed to register a record number of housing units, marking a significant milestone in the region's property market.

The Western suburbs emerged as the primary area of demand, contributing a substantial 57 per cent to the total registrations in December. This is followed by the Central suburbs, which claimed 29 per cent of the market share, making it the second major area in demand. The robust performance of these regions underscores the growing interest in suburban areas, driven by factors such as improved infrastructure and better connectivity.

When it comes to consumer preferences, the report highlights that units up to 1,000 square feet continue to be the most popular choice, capturing an impressive 82 per cent of the total market. This trend is indicative of the growing preference for smaller, more affordable homes, especially among first-time buyers and young professionals. The demand for these units is further fueled by their relatively lower maintenance costs and higher resale value.

The Nuvama report suggests that the Mumbai Metropolitan Region (MMR) has entered a mid-cycle characterized by a sharp increase in supply. This surge in supply is expected to continue in the coming years, driven by the government's initiatives to promote affordable housing and the development of new residential projects. The report also notes that the real estate sector is witnessing a shift towards sustainable and eco-friendly housing, with developers increasingly incorporating green building practices into their projects.

Despite the positive trends, the report acknowledges the ongoing challenge of affordability. Rising property prices and increasing living costs continue to pose significant barriers for many potential buyers. However, the government's efforts to address these issues through policies and subsidies are expected to provide some relief to the market.

In conclusion, the record housing registrations in Mumbai in 2025 are a testament to the resilience and dynamism of the city's real estate market. While affordability remains a concern, the growing demand for smaller units and the focus on sustainable development are positive indicators for the future of the sector.

Nuvama, a leading real estate research and analytics firm, provides in-depth insights and data-driven reports to help stakeholders make informed decisions. The company's comprehensive analysis of the Mumbai real estate market highlights the key trends and challenges, offering valuable guidance for investors, developers, and policymakers.