Mumbai Housing Market: Rising Demand for Larger Homes in 2025

Mumbai’s residential real estate market is showing a clear shift towards larger homes, even as overall housing launches declined in 2025. Data from the Maharashtra Real Estate Regulatory Authority (MahaRERA) indicates that 3 BHK apartments formed a higher share of new housing registrations during the year. This trend highlights sustained buyer interest in spacious homes despite a broader slowdown in project launches across the city.

According to MahaRERA data, Mumbai recorded 42,643 housing unit registrations in 2025. This figure represents a sharp decline from nearly 70,892 units launched in 2024, marking a 40 percent year‑on‑year drop in new housing supply. Despite this slowdown, demand for larger configurations remained resilient, as reflected in the composition of new launches.

Of the total housing units registered in 2025, around 18 percent, or 7,963 units, were 3 BHK apartments. This marks an increase compared to 2024, when 3 BHK homes accounted for about 15 percent of nearly 70,000 units launched. The rising share indicates a steady shift in buyer preference towards larger homes, even in a cooling market.

Data shows that the highest number of 3 BHK units in 2025 were launched in Oshiwara and Jogeshwari, with 739 units, accounting for nearly 10 percent of the total 3 BHK supply for the year. Bandra East recorded the second‑highest number, with 392 units, benefiting from its proximity to the Bandra Kurla Complex (BKC), one of India’s most expensive commercial districts.

Several other areas also saw notable 3 BHK launches. Vile Parle West recorded 391 units, Chembur saw 389 units, Mulund West accounted for 330 units, and Kandivali East recorded 327 units. Together, these locations contributed nearly 32 percent of the total 3 BHK supply in Mumbai during 2025, highlighting concentrated demand in well‑connected residential pockets.

While 3 BHK homes gained share, 2 BHK apartments remained the most common configuration. Mumbai recorded 14,201 registrations of 2 BHK units in 2025, making up 33 percent of the total housing units launched. The largest number of 2 BHK homes were launched in Oshiwara, followed by Sion near BKC, Azad Nagar in Andheri, Kandivali West, Malad West, and Dahisar.

Apartment prices varied significantly across locations with high 2 BHK and 3 BHK supply. In Oshiwara, rates ranged between ₹30,000 and ₹40,000 per sq ft. Bandra East commanded higher prices, averaging ₹40,000 to ₹70,000 per sq ft. Vile Parle West saw prices in the ₹40,000 to ₹45,000 per sq ft range, while Chembur recorded rates between ₹25,000 and ₹35,000 per sq ft.

More affordable price brackets were observed in suburban areas. Mulund West and Dahisar recorded prices ranging from ₹20,000 to ₹30,000 per sq ft. Kandivali East was priced between ₹30,000 and ₹35,000 per sq ft, while Andheri West saw a broader range of ₹25,000 to ₹40,000 per sq ft, according to local brokers.

Despite the sustained demand for larger homes, overall housing activity slowed sharply. MahaRERA data shows that 2025 witnessed the lowest number of housing launches in five years. Project registrations also declined, with only 689 new projects registered during the year, a 5 percent drop compared to 2024.

Mumbai recorded 70,892 housing unit launches in 2024, 66,941 in 2023, 76,472 in 2022, and 54,736 in 2021. The 42,643 units launched in 2025 mark a significant correction after the strong post‑pandemic rebound seen in earlier years.

The increasing share of 3 BHK apartments, despite fewer overall launches, suggests that buyers are prioritising space and long‑term living needs. While smaller homes continue to dominate volumes, larger configurations are gaining importance within new project planning.

Mumbai’s residential market in 2025 reflects a dual trend of slowing supply and rising preference for larger homes. With 3 BHK apartments accounting for 18 percent of housing launches, buyer demand for spacious living remains firm. Even as developers reduce new project launches, the composition of supply indicates a gradual shift towards quality, space, and end‑user‑driven housing demand.

Mumbai registered 42,643 housing units with MahaRERA in 2025, marking a 40 percent decline in launches compared to 2024. Despite the slowdown, demand for larger homes remained strong, with 3 BHK apartments accounting for 18 percent, or 7,963 units, of total launches. Key areas such as Oshiwara, Jogeshwari, Bandra East, and Vile Parle West led 3 BHK supply. The trend highlights a growing preference for spacious homes amid a cooling residential market.