Summary of this article
Mumbai dominated MMR housing activity.
New launches surged across MMR.
Sales softened as inventory increased.
Mumbai continued to dominate the Mumbai Metropolitan Region (MMR) housing market in the second quarter of 2026. As per the latest release by ANAROCK, Mumbai accounted for 65 per cent of all the new residential launches and over 70 per cent of total housing sales. The report highlights that while developers increased their inventory with new supply all across MMR, housing demand has softened. This resulted in higher inventory levels by the end of the quarter.
MMR recorded 34,555 residential unit launches in Q2 2026, marking a 23 per cent year-on-year increase from 28,160 units. The rise in supply was driven by the activity in Mumbai, where 22,360 units were added during this quarter. Navi Mumbai also witnessed a strong expansion in the new launches, with 8,530 units being in circulation; the supplies rose by 54 per cent on a year-on-year basis. Thane also recorded a healthy growth, with launches increasing by 26 per cent, with 3,665 units being sold.
Despite this strong surge in the market, housing sales across MMR have declined. Total residential absorption has stood at 28,710 units in this quarter. This is an 8 per cent drop from the same quarter last year, with sales recorded of 31,280 units that year. Mumbai has remained the region’s largest demand centre, with recorded 20,210 unit sales, despite the decline.
“Despite softer sales, Mumbai continued to command 65 per cent of total supply, and over 70 per cent of total absorption. Total launches across MMR rose 23 per cent annually to 34,555 units, led by Mumbai’s 22,360 units and a standout 54 per cent jump in Navi Mumbai to 8,530 units. Thane also recorded healthy launch growth of 26 per cent to 3,665 units, showing that supply expansion was broad-based rather than concentrated in just one market. Demand, however, did not match this pace,” says Anuj Puri, Chairman, ANAROCK Group.
This discrepancy between supply and demand is reflected in inventory sales levels in the region. Total housing stock in MMR has increased by 9 per cent on a year-on-year basis.
Among the three markets in Mumbai, Navi Mumbai has emerged as the most active in terms of supply expansion. However, the decline in sales and rise in inventory indicate that demand has not kept pace with the boost in project launches. The Q2 2026 data shows developers are optimistic about the long-term growth prospects amid the market dynamics.
