Mumbaikars Unfazed by Rising Housing Prices, Contrary to National Trend

While 81% of Indians are concerned about skyrocketing housing prices, a recent study shows that Mumbaikars are less worried, with only 39% expressing concern.

MumbaiRealestateHousing PricesAnarockConsumer SentimentReal Estate MumbaiSep 08, 2025

Mumbaikars Unfazed by Rising Housing Prices, Contrary to National Trend
Real Estate Mumbai:Mumbai: Spiraling housing prices that seem to bother most Indians, does not seem to bother Mumbaikars particularly. A consumer sentiment study published by real-estate consultancy firm Anarock found 81% of Indians apparently concerned with skyrocketing residential prices. The study conducted in the first half of this year analyzed responses from 8,250 respondents across fourteen major cities of the country.

Respondents from Mumbai and MMR (Mumbai Metropolitan Region), apparently showed a different trend compared to respondents across Indian cities. Barely, 39 percent of respondents from Mumbai expressed concern about affordability compared the national average of 81 percent.

The study found that 41 percent respondents from Mumbai were 'moderately concerned' while 20 percent were not 'worried at all'. With regards to affordable housing, the study found that properties in a range of Rs 90 lakhs to Rs 1.5 crores emerged as 'most favorable' option among 36 percent homebuyers; while 25 percent preferred homes priced between Rs 45 lakhs and Rs 90 lakhs.

Media reports have shown how housing prices in India have been on a sugar-rush since the pandemic. Data from the RBI's All-India Housing Price Index (RBI HPI) revealed a consistent growth in housing prices. As per data from RBI, the highest real-estate growth was attributed in FY17 while the index has consistently witnessed an uptick since 2012-13.

Frequently Asked Questions

What percentage of Indians are concerned about rising housing prices?

According to the study, 81% of Indians are concerned about skyrocketing residential prices.

How do Mumbaikars feel about housing prices compared to the national average?

Only 39% of Mumbaikars expressed concern about affordability, which is significantly lower than the national average of 81%.

What is the most favorable price range for homebuyers in Mumbai?

Properties in the range of Rs 90 lakhs to Rs 1.5 crores are the most favorable among 36% of homebuyers in Mumbai.

How has the housing market trended since the pandemic?

Housing prices in India have seen a significant increase since the pandemic, with consistent growth as reported by the RBI's All-India Housing Price Index.

What does the RBI's data show about real-estate growth?

The RBI's data shows that the highest real-estate growth was attributed in FY17, and the index has consistently witnessed an uptick since 2012-13.

Related News Articles

Boosting India's Housing Market: Developers Seek Tax Incentives and Industry Status in Budget 2024
real estate news

Boosting India's Housing Market: Developers Seek Tax Incentives and Industry Status in Budget 2024

The Indian housing sector is looking forward to the Union Budget 2024, expecting tax reliefs and other sentiment boosters to stimulate growth in the market.

June 20, 2024
Read Article
Kalpataru Ltd Set to Enter Nagpur Real Estate Market with Plotted Development Project
Real Estate Maharashtra

Kalpataru Ltd Set to Enter Nagpur Real Estate Market with Plotted Development Project

Mumbai-based Kalpataru Ltd plans to launch a plotted development project in Nagpur, marking its entry into the city's real estate market. The project will be spread across 37 acres and will have 400 plots of sizes 1,200 to 4,000 sq ft range.

September 3, 2024
Read Article
Hong Kong Halts Commercial Land Sales for Seventh Consecutive Quarter
Real Estate

Hong Kong Halts Commercial Land Sales for Seventh Consecutive Quarter

Hong Kong's government has announced that it will not sell any commercial land in the quarter from October to December, citing low demand and high office vacancy rates.

October 4, 2024
Read Article
Homebuyers Forum Claims RERA Act Falls Short of Objectives, Urges Consumer Affairs Ministry for Action
Real Estate Mumbai

Homebuyers Forum Claims RERA Act Falls Short of Objectives, Urges Consumer Affairs Ministry for Action

A forum representing homebuyers in Maharashtra claims that the Real Estate (Regulation and Development) Act, 2016, has failed to meet its objectives. The forum is now urging the Union Consumer Affairs Ministry to issue specific guidelines to protect consu

October 22, 2024
Read Article
Ahmedabad Shines with Top Rental Yields in India
Real Estate Pune

Ahmedabad Shines with Top Rental Yields in India

Ahmedabad leads the pack with the highest rental yields in India, clocking in at 3.9%, according to a recent report by Magicbricks. Other cities like Hyderabad, Kolkata, and Pune are also seeing significant increases in rental returns.

November 27, 2024
Read Article
Incuspaze Expands with Major Leasing Deal in Gurugram's Thriving Real Estate Market
Real Estate Mumbai

Incuspaze Expands with Major Leasing Deal in Gurugram's Thriving Real Estate Market

Incuspaze, a prominent player in the commercial real estate sector, has announced a significant leasing deal in Gurugram, marking a major expansion in one of India’s most booming real estate markets. This move underscores the growing demand for quality of

December 15, 2024
Read Article