Summary of this article
Mumbai housing launches fell 40% in 2025
Project registrations hit a five-year low
Developers adopt cautious, demand-driven strategies
The consistent growth that Mumbai has maintained has met with a slowdown in 2025. As per the annual data released by the Maharashtra Real Estate Regulatory Authority (MahaRERA), housing launches and project registrations have seen a decline. This shift in the market shows how the market is now driven by evolving buyer priorities. Also influenced by evolving developer strategies.
In 2024, 70,892 units were sold. As per the numbers shared, developers have launched a total of 42,643 residential units across the city in 2025. This marks a 40 per cent decline.
Besides a decline in launches, the number of registered projects has also dipped. Only 689 projects were launched this year. This is a 5 per cent drop from a total of 731 project registrations, which was last recorded in 2024. This was also the lowest annual figure recorded in the past 5 five years. This reduction points towards broader tightening of development plans and a more cautious stance among real estate developers and builders.
2025 Housing Launches
Even though the number of launches has decreased, the types of housing units coming into the market reveal a different angle. As per the MahaRERA’s report, nearly 57 per cent of the launches were smaller homes, particularly 1BHK and 2 BHK homes. These units dominate the housing market space in Mumbai. These units are heavily preferred by first-time buyers, young professionals, and small family setups with easy budgets.
The remainder consisted of larger accommodating homes like 2.5 BHK, 3 BHK, 3.5 BHK, and 4 BHK homes, which accounted for nearly one-fourth of the total units. These figures suggest that even though buyers are leaning towards affordable and mid-segment homes, there is still a space for larger projects, even if it is on a selective basis.
The report highlighted that the most launch activity was witnessed in Malad West, Kandivali West, and Mulund West. These areas are most preferred by buyers who seek connectivity, pricing, and a wide range of amenities that appeal to a wider range of income groups.
Why Is This Slowdown Significant?
This slowdown can be due to a multitude of reasons, such as:
Regulatory and Environmental Delays: In both Mumbai and Pune, environmental clearances were stalled for nearly a year, which has delayed and stalled several projects. These kinds of hurdles force developers to delay their inventory projects until things sort out on the legal front.
Strategic Launches: Developers haven’t seized all projects entirely. After years of launching aggressively and making competitive pushes, builders and developers are now aligning themselves with the buyer needs and demands instead of just pushing stock out. This way, they are able to match the demand conditions and manage the financial risks that can arise for them. "The moderation in Mumbai’s housing launches this year should be viewed as a phase of recalibration rather than a reflection of weakening demand. After several years of heightened activity, developers are becoming more selective, influenced by regulatory timelines, land economics, and an increased focus on product quality,” added Aakash Ohri, managing director, DLF Homes
This slowdown does not indicate a stressed market; this slowdown indicates a strategic mindset of the stakeholders of the market. This might be a relieving process for the overheating pressure in certain micro-markets. "While 2025 began amid some caution around market sentiment, our experience has been reassuring. We believe that strong fundamentals and credible offerings will always find takers, irrespective of short-term macro conditions. As we look ahead to the next phase of The Westpark, planned for 2026, we remain optimistic and hopeful of seeing a similar level of confidence and enthusiasm from the market," adds Ohri.
