Mumbai Housing Demand Jumps 8.2% In Q3 2026, Homes Below ₹1.5 Crore See Strong Buyer Interest Amid Supply Gap
Mumbai: Amid the festive season, Mumbai's housing demand maintains momentum, supply is expanding at a measured pace, and rates are registering growth. However, while the metropolis shows strong buyer interest in affordable and mid-range housing, supply remains comparatively limited, highlights the latest report by Magicbricks' PropIndex on India's Residential Market. Housing demand rises 8.2%…
Mumbai's housing market experienced an 8.2% increase in demand during Q3 2026, driven by festive season buyer sentiment, according to the latest report by Magicbricks PropIndex on India's residential market. The city's preference for 2 BHK homes remains strong, accounting for 44% of overall demand, followed by 1 BHK homes at 34% and 3 BHK homes at 18%.
Supply for 2 BHK homes leads at 41%, while 3 BHK homes make up 34% of the supply. Homes priced below INR 1.5 crore make up 48% of demand, indicating robust interest from buyers in affordable and mid-range properties, although supply for this segment remains limited. Established suburban corridors like Malad-Kandivali, Borivali-Dahisar, Andheri East-Jogeshwari East, and Mulund continue to hold strong positions in Mumbai's housing market, while areas such as Andheri West-Jogeshwari West and beyond Mira Road have seen a moderate decline in their relative positioning.
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