Overall sales marginally up q-o-q; annual sales at a three-year low

• Demand for residential units was mostly stagnant q-o-q in Q4 2025. However, full-year sales were down by 14.8% y-o-y, signaling a cautious approach from buyers amid rising prices and high-priced inventory overhang.
• Navi Mumbai led quarterly sales (34.5%), followed by Eastern Suburbs and Thane. For the full year as well, Navi Mumbai maintained its dominance (34%), followed by Thane (15.1%) and East Suburbs (14.9%), highlighting these growth corridors’ appeal.

Amid a cautious approach by developers, launches in 2025 are lowest in four years

• New launches in Q4 2025 totaled 12,503 units, reflecting an 8.1% q-o-q decline and a substantial 20% y-o-y decrease, demonstrating developer caution amid prevailing market conditions.
• Navi Mumbai accounted for the highest share of new launches at 27.1%, followed by East Suburbs (17.0%) and Thane (12.6%). INR 15-30 million price bracket recorded the highest share at 36% of launches, followed by INR 10-15 million (19%).

Capital values continue to grow at a measured pace

• Capital values posted steady gains of 2.0% q-o-q and 5.9% y-o-y, as developers balanced price increases with market absorption capacity. Navi Mumbai led annual price growth with 7.4%, supported by the inauguration of Navi Mumbai International Airport.
• Rents improved 2.3% q-o-q across the overall market, with Thane and West Suburbs II recording the highest rental growth.

Outlook: Replace with your headline

• New infrastructure projects such as the Navi Mumbai International Airport are expected to unlock new residential demand pockets while metro network expansion will boost demand for spacious suburban homes while city centers maintain their established appeal.
• Price growth is expected to be varied with suburbs and growth corridors expected to rap the benefits of improved connectivity while core city clusters will continue to redefine luxury living through record-breaking deals and amenity-rich projects.