MMR Records Highest Home Sales in Q2 2025 Even as India Sees 20% Decline

Despite a 20% dip in India’s housing sales during Q2 2025, Mumbai Metropolitan Region (MMR) held its ground as the country’s largest residential market, recording over 31,000 unit sales. Developers scaled back launches, but luxury and mid-segment homes remained dominant.

For the first time since 2022, Mumbai’s unsold inventory in the luxury housing segment has risen by 36%

Mumbai’s luxury housing market saw a 36% rise in unsold homes in Q1 2025 — the first yearly increase since 2022 — even as overall property registrations and state revenue surged to record levels. High new supply, rising prices, and economic headwinds slowed luxury sales, but strong momentum continues in mid-to-premium housing.