Mumbai housing market 2025 7% surge in average prices of houses, night franc report
As per the latest report by Knight Frank India, Mumbai India’s largest residential real estate in 2025 The market has strengthened its position as well. Also, in the last decade, the office (Office) was the second most successful year in terms of leasing.
The main points of the ‘India Real Estate: Office and Residential Market (July-December 2025)’ report are given below:
Office Market: Heavy demand for GCC
Total during 2025 in Mumbai 98 lakh square feet Office space given on lease. While it is less than 5% of the previous year, it is still the second largest figure in the past 10 years.
- Global Capability Centres (GCCs): GCC’s share in demand for office space has dramatically increased. In the second half of 2024 it was only 9%, which rose to the second half of 2025 27% Done. It mainly contributed to banking (BFSI), technology and engineering firms.
- Preferred Location: The suburban terrain like Andheri East, Goregaon, Aeroli and Thane for IT and IT-enabled services (ITeS) has been the most preferred.
- Hire and Vacancies: Average rent by increasing 6% due to demand for quality office space ₹125 per square foot per month Get. While the vacancy rate remains stable at 18.3%.
Nit Frank India’s Senior Executive Director Gulam Jia said, "The most interesting thing in Mumbai’s office market is to emerge rapidly, whose market share has been around three times this year. ""
Residential (Residential) Market: Inclination towards luxury houses
Mumbai totals 2025 97,188 Homes Sale Entered, which is 1% higher than the previous year.
- Increase Prices: The average prices of houses witnessed an increase of 7% annually, which now ₹8,856 per square foot Accessed.
- Expensive homes demand: According to the report, people are now turning towards expensive houses instead of affordable housing (Affordable Housing). Specially ₹From 2 crores ₹5 Crores The demand in the categorie that has been the most sought.
- Impact of Infrastructure: The introduction of large projects like Metro Line 3 and Mumbai Trans Harbour Link (MTHL) has significantly accelerated the demand for homes in suburban and outdoor areas.
Key figures at a glance
| CATEGORY | Description (year 2025) | Changes (Years) |
| Office Leasing | 9.8 million square feet | 5% decline |
| Average Rent | ₹125/Square Feet | Increased by 6% |
| Home Sales | 97,188 Units | Increased 1% |
| Average price of the house | ₹8,856/Square Feet | Increased by 7% |
