MMR housing trends Archives - Square Feat India https://squarefeatindia.com/tag/mmr-housing-trends/ Real Estate News Website Tue, 09 Sep 2025 12:54:09 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.7 https://squarefeatindia.com/wp-content/uploads/2019/12/squrefeatindia_favicon.png MMR housing trends Archives - Square Feat India https://squarefeatindia.com/tag/mmr-housing-trends/ 32 32 Mumbai Homebuyers Shift Gears: Premium Homes & 2BHKs Lead as Affordable Demand Fades https://squarefeatindia.com/mumbai-homebuyers-shift-gears-premium-homes-2bhks-lead-as-affordable-demand-fades/ Tue, 09 Sep 2025 12:54:08 +0000 https://squarefeatindia.com/?p=9830 Mumbai’s housing market is seeing a clear tilt towards premium living, reveals ANAROCK’s Homebuyer Sentiment Survey (H1 2025). While demand for affordable homes in the city’s peripheries is weakening, a growing share of buyers prefer 2BHK units in the ₹90 lakh–₹1.5 Cr price bracket. The survey highlights that 81% of MMR homebuyers are concerned about rising prices, which have jumped across key micro-markets, from ₹24,950 per sq. ft. in Central Suburbs to ₹44,000 per sq. ft. in South Central Mumbai. New launches have moderated by 24% year-on-year, but trust in branded developers and the promise of timely delivery is driving demand. For Mumbai homebuyers, the choice is now clear: better location, better quality, and better value — even if it costs more.

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]]> The housing choices of Mumbai homebuyers are changing fast. According to the latest ANAROCK Homebuyer Sentiment Survey (H1 2025), the city’s buyers are leaning strongly towards premium homes and mid-sized apartments, while affordable housing continues to lose ground.

Premium Homes Dominate Demand

Homes priced between ₹90 lakh and ₹1.5 crore have emerged as the most preferred choice for Mumbai buyers, reflecting a nationwide trend. This shift signals the rise of a more aspirational homebuyer who prioritises location, quality, and long-term value over low entry costs. Affordable homes — once the backbone of MMR’s supply — have dropped to just 17% demand, down from over 40% in 2020.

2BHKs Still the Mumbai Favourite

While larger homes like 3BHKs dominate in cities like Delhi-NCR and Hyderabad, Mumbai remains a 2BHK market. Over 40% of homebuyers here prefer 2BHK units, balancing affordability with practicality. However, 1BHK units continue to attract demand in certain western and peripheral suburbs, where budgets remain tighter.

Rising Prices a Concern for 81% Buyers

The survey shows 81% of MMR homebuyers are worried about rising housing costs. Price hikes have forced many to delay their purchase: while 21% buyers will go ahead as planned, 71% have postponed by up to two years, and 6% cancelled their plans entirely. In the city’s prime zones, the escalation is sharp — average rates now stand at:

  • ₹24,950 per sq. ft. in Central Suburbs
  • ₹28,000 per sq. ft. in Western Suburbs
  • ₹44,000 per sq. ft. in South Central Mumbai

Supply Moderates, Trust in Developers Rises

Fresh supply in MMR stood at 58,900 units in H1 2025, a 24% decline compared to the same period last year. This moderation reflects developers’ focus on sustainable growth and avoiding unsold inventory buildup. At the same time, regulatory interventions like RERA — with 1.38 lakh registered projects and an equal number of consumer complaints resolved — have boosted buyer confidence.

What This Means for Mumbai Buyers

The survey makes it clear: Mumbai homebuyers are willing to pay more if it means better homes. Location, construction quality, and timely delivery now matter more than ever. While affordability remains a challenge, the city’s aspirational class is pushing the market towards premium housing and trusted developers — shaping the future of real estate in India’s financial capital.

Also Read: Vaastu homes the choice of homebuyers

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