Where the volume is
The city registered 62,400 residential units in H1, flat YoY on volume but up 22% on value — driven almost entirely by mix shift into the ₹5 Cr+ premium bracket. The ₹10–20 Cr band grew 34% YoY.
Buyer profiles
First-time buyers were largely absent. The dominant profile: 40–55 year old promoters, senior corporate leaders and returning NRIs upgrading from an existing Mumbai apartment. Financing use is falling; average loan-to-value is now 42%.
Micro-markets to watch
Bandra East is the fastest-growing new-launch pocket (+58% YoY value). Worli sea-facing remains supply-constrained. Powai and Chembur are absorbing family upgrades from South Mumbai and BKC.
Key takeaways
- Premium mix shift is real — value growth is running well ahead of unit growth
- Bandra East is the emerging premium new-launch micro-market
- NRI demand is back to pre-2020 levels, concentrated in ₹5–15 Cr