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Mumbai Housing Sales Hit Highest Nine-Month Level Since 2018
Mumbai sold 72,804 homes in the first nine months of 2026.
That was the city’s highest total for those months since 2018.
Builders brought 72,673 new homes to market, nearly matching the number sold.
More than half of sales were still homes costing less than INR 1 crore, but sales in those price groups slipped slightly.
Sales of homes costing more than INR 1 crore grew.
The biggest percentage increases were among homes priced from INR 10 crore to INR 20 crore and from INR 20 crore to INR 50 crore.
Mumbai’s average home price was up 5% in the third quarter compared with a year earlier.
Unsold homes were being absorbed somewhat faster than a year ago.
Across eight major Indian cities, home sales were broadly steady.
Mumbai recorded 72,804 home sales in January–September 2026, up 1% year over year and its highest nine-month total since 2018.
Developers launched 72,673 homes, up 13%; sales and launches were broadly aligned, and unsold inventory fell 2% to about 155,473 units.
Homes below INR 1 crore remained the majority of sales, although sales fell 6% below INR 50 lakh and 1% from INR 50 lakh to INR 1 crore.
Sales increased across price bands above INR 1 crore, with growth reaching 40% for homes priced INR 10–20 crore and 35% for INR 20–50 crore.
Mumbai prices rose 5% year over year to INR 37,064 per sq ft in Q3; quarters to sell improved to 6.4 from 6.6 a year earlier.
- Who
- Homebuyers and developers in Mumbai’s residential market; the figures were reported by Knight Frank India.
- What
- Mumbai recorded 72,804 home sales and 72,673 new launches during January–September 2026.
- Where
- Mumbai Metropolitan Region, India.
- When
- January–September 2026; price and quarters-to-sell figures include Q3 2026.
- Why
- The report attributed growth increasingly to demand for homes priced above INR 1 crore, while homes below INR 1 crore still accounted for the majority of sales.
Affordable housing
Higher-value housing
Sales momentum
Affordable housing
Homes below INR 1 crore remained the majority of Mumbai sales, accounting for 36% below INR 50 lakh and 24% from INR 50 lakh to INR 1 crore, but both segments declined year over year.
Higher-value housing
Sales grew in every reported segment above INR 1 crore; the report identified higher-value homes as an increasingly important driver of demand.
Key facts
- Mumbai sales, 9M 2026
- 72,804 units, up 1% year over year
- Nine-month sales record
- Highest January–September sales volume since 2018
- New launches
- 72,673 units in Mumbai, up 13% year over year
- Mumbai share of eight-city sales
- 28% of 258,238 homes sold
- Unsold inventory
- About 155,473 units, down 2% year over year
- Mumbai Q3 2026 weighted average price
- INR 37,064 per sq ft, up 5% year over year
- Quarters to sell
- 6.4 quarters in Q3 2026, versus 6.6 in Q3 2025
- Homes priced above INR 50 crore
- Mumbai accounted for 41 of 53 sold across eight major cities
Quotes
Gulam Zia
International Partner and Senior Executive Director at Knight Frank India.
“Mumbai's housing market has maintained sales momentum through 2026, with 9M sales reaching their highest level since 2018 despite a significant increase in new supply.”
freepressjournal.in
Sources
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