Mumbai Residential Sales Edge Up 1%, Inventory Declines in First Half of 2026

## Sales and Launches Show Modest Growth Sales of residential units in Mumbai reached 47,355 during the first half of 2026, marking a one per cent increase compared to the same period last year. Concurrently, new project launches saw stronger growth, rising eight per cent year-on-year to 49,161 units. Data indicates that new supply additions have been broadly aligned with underlying end-user demand. ## Inventory and Pricing Trends Total unsold housing inventory across the city declined by four per cent, standing at 157,410 units at the end of June 2026. The average residential price rose four per cent to ₹14,948 per square foot. Analysts note that while price growth has moderated from previous highs, values continue to firm up, supported by redevelopment activity, increased construction costs, and sustained demand for larger homes. ## Market Composition by Price Segment A shift in market composition is evident. The share of homes priced below ₹50 lakh declined to 36 per cent of total sales, down from 40 per cent a year earlier. Conversely, higher-price segments expanded their market share. Properties priced between ₹1 crore and ₹2 crore accounted for 22 per cent of sales, while the ₹2 crore to ₹5 crore segment contributed 13 per cent. Homes in the ₹50 lakh to ₹1 crore bracket made up 24 per cent of transactions. ## Geographic Performance and Inventory Geographically, the **Peripheral Central Suburbs** were the largest market by sales volume, capturing 23 per cent of all transactions. They were followed closely by the **Peripheral Western Suburbs** (21 per cent) and **Navi Mumbai** (20 per cent). Combined, these three micro-markets represented nearly two-thirds of city-wide sales. On the supply side, **Navi Mumbai** led new launches with a 21 per cent share, ahead of the Peripheral Western Suburbs (19 per cent) and Peripheral Central Suburbs (18 per cent). ## Unsold Inventory Analysis by Price and Location An analysis of unsold stock reveals varied trends across price categories: - Inventory for homes below ₹50 lakh fell six per cent to 69,724 units. - Stock in the ₹50 lakh-₹1 crore segment dropped 10 per cent to 32,728 units. - The ₹1 crore-₹2 crore category saw a six per cent decline to 35,404 units. - However, unsold inventory in the ₹2 crore-₹5 crore segment increased by 22 per cent to 13,200 units. This higher-tier segment also shows relatively stronger absorption, with a quarters-to-sell metric of just 4.4 quarters. In contrast, properties priced above ₹10 crore continue to experience longer selling cycles, particularly in South Mumbai. ## Micro-Market Inventory and Absorption Rates By location, **Thane** holds the highest volume of unsold stock at 36,116 units, followed by the **Western Suburbs** (37,412 units), **Navi Mumbai** (34,837 units), and the **Central Suburbs** (28,046 units). The **quarters-to-sell** metric, which estimates the time required to liquidate existing inventory, varies significantly: - **Peripheral Central Suburbs**: 1.0 quarter - **Peripheral Western Suburbs**: 1.6 quarters - **Thane**: 17.4 quarters - **Central Mumbai**: 16.2 quarters - **South Mumbai**: 15.1 quarters ## Notable Price Appreciation Over the past twelve months, several locations recorded notable price increases. **Panvel** led with a nine per cent rise, followed by **Borivali** at seven per cent. **Kharghar**, **Andheri**, and **Bandra West** each saw prices increase by six per cent.