NEW DELHI: Mumbai experienced housing sales of 47,355 units in the first half of 2026, marking a slight increase of one percent year-on-year, as reported by Knight Frank India.
New launches saw an eight percent year-on-year rise, totaling 49,161 units during this timeframe, in line with moderated activity observed in 2025. The report indicates that the increase in supply was primarily driven by end-user demand.
Unsold inventory fell by four percent year-on-year, bringing it down to 157,410 units in H1 2026. The time required to sell this inventory was 6.5 quarters, with an average age of unsold units at 19 quarters.
Average residential prices climbed by four percent year-on-year to ₹14,948 per sq ft in H1 2026, compared to ₹14,604 per sq ft in 2025. Knight Frank noted that while price growth slowed relative to the previous year, prices continued to strengthen across many micro-markets, driven by redevelopment, rising construction costs, and a demand for larger homes.
The proportion of homes priced below ₹50 lakh decreased to 36 percent of total sales in H1 2026 from 40 percent in H1 2025, as segments priced between ₹1 crore-₹2 crore and ₹2 crore-₹5 crore increased their share.
The ₹1 crore-₹2 crore segment represented 22 percent of total sales, and the ₹2 crore-₹5 crore category accounted for 13 percent. Meanwhile, homes priced between ₹50 lakh and ₹1 crore contributed 24 percent of the sales.
The Peripheral Central Suburbs led the market with 23 percent of total sales, followed closely by the Peripheral Western Suburbs at 21 percent and Navi Mumbai at 20 percent. These three regions together comprised nearly two-thirds of city-wide sales.
When it comes to new launches, Navi Mumbai provided 21 percent of the supply, followed by Peripheral Western Suburbs at 19 percent and Peripheral Central Suburbs at 18 percent. The Western Suburbs accounted for 17 percent of launches.
In terms of unsold inventory, the below ₹50 lakh segment dropped by six percent year-on-year to 69,724 units, while the ₹50 lakh-₹1 crore segment saw a ten percent decrease to 32,728 units. Inventory in the ₹1 crore-₹2 crore category fell by six percent to 35,404 units, but unsold inventory in the ₹2 crore-₹5 crore segment rose by 22 percent to 13,200 units.
The ₹2 crore-₹5 crore segment had a sell-through time of 4.4 quarters, indicating stronger absorption in that price range. Higher ticket categories above ₹10 crore continued to experience longer selling cycles, especially in South Mumbai.
Looking at specific micro-markets, Thane had the most unsold inventory at 36,116 units, followed by the Western Suburbs with 37,412 units, Navi Mumbai with 34,837 units, and Central Suburbs with 28,046 units.
The Peripheral Central Suburbs had the shortest sell-through time at 1.0 quarter, with Peripheral Western Suburbs at 1.6 quarters. In contrast, Thane had the longest at 17.4 quarters, followed by Central Mumbai at 16.2 quarters and South Mumbai at 15.1 quarters.
Among select locations, Panvel witnessed the highest 12-month price increase at nine percent, followed by Borivali at seven percent, with Kharghar, Andheri, and Bandra West each seeing an increase of six percent.
