Key information about House Prices Growth

• India house prices grew 2.5% YoY in Jun 2025, following an increase of 5.1% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2011 to Jun 2025, with an average growth rate of 5.1%.
• House price data reached an all-time high of 30.6% in Mar 2011 and a record low of -11.4% in Sep 2020.

House prices in Mumbai, India, have increased significantly since 2017. The housing price index tracks changes in residential home prices since 2017. In ************, the index stood at ***** index points, suggesting an increase of over ** since the baseline year. Overall, prices experienced the strongest growth in 2023.

NHB: Assessment Price: Current Quarter: Maharashtra: Navi Mumbai: Carpet Unit data was reported at 1,304.000 Unit in Dec 2024. This records an increase from the previous number of 1,283.000 Unit for Sep 2024. NHB: Assessment Price: Current Quarter: Maharashtra: Navi Mumbai: Carpet Unit data is updated quarterly, averaging 896.000 Unit from Jun 2013 (Median) to Dec 2024, with 47 observations. The data reached an all-time high of 2,155.000 Unit in Mar 2024 and a record low of 140.000 Unit in Jun 2020. NHB: Assessment Price: Current Quarter: Maharashtra: Navi Mumbai: Carpet Unit data remains active status in CEIC and is reported by National Housing Bank. The data is categorized under India Premium Database’s Construction and Property – Table IN.EA006: Housing Price Index: National Housing Bank: Assessment Price: Carpet Area Price: Current Quarter.

In the first half of 2023, south-central Mumbai had the highest average real estate price rate of around **** thousand Indian rupees per square foot in the Mumbai metropolitan region. Peripheral central suburbs recorded the cheapest property rates.

Mumbai’s real estate market

India’s financial capital, Mumbai’s increasing population, rapid urbanization, and employment opportunities have contributed to skyrocketing property rates in the city. Its real estate market is the most expensive in India. Since the onset of the pandemic, the demand for larger units has been on the rise. In 2023, the realty market saw a surge, especially in luxury and high-end properties catering to the affluent of the city.

New metro connectivity with suburbs

As per realtors, the inauguration of new metro lines connecting the suburbs of Mumbai will provide enhanced connectivity, ease of traveling, and reduced travel time. As a result, a rise in homebuying sentiment in the city, especially in the western suburban areas is expected. The area is considered to be one of the most preferred home-buying destinations in Mumbai with Bollywood actors, non-resident Indians, and industrialists vying for properties.

NHB: Assessment Price: Current Quarter: Maharashtra: Mumbai: Carpet Unit data was reported at 10,139.000 Unit in Dec 2024. This records an increase from the previous number of 9,973.000 Unit for Sep 2024. NHB: Assessment Price: Current Quarter: Maharashtra: Mumbai: Carpet Unit data is updated quarterly, averaging 5,138.000 Unit from Jun 2013 (Median) to Dec 2024, with 47 observations. The data reached an all-time high of 11,516.000 Unit in Mar 2024 and a record low of 845.000 Unit in Jun 2020. NHB: Assessment Price: Current Quarter: Maharashtra: Mumbai: Carpet Unit data remains active status in CEIC and is reported by National Housing Bank. The data is categorized under India Premium Database’s Construction and Property – Table IN.EA006: Housing Price Index: National Housing Bank: Assessment Price: Carpet Area Price: Current Quarter.

Housing Index in India increased to 122 points in the first quarter of 2025 from 120 points in the fourth quarter of 2024. This dataset provides - India NHB Residex - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The India Real Estate Market Report is Segmented by Business Model (Sales and Rental), by Property Type (Residential and Commercial), by End-User (Individuals/Households, Corporates & SMEs and Others), and by City (Mumbai Metropolitan Region, Delhi NCR, Pune, Bengaluru, Hyderabad, Chennai, Kolkata, Ahmedabad, and the Rest of India). The Market Forecasts are Provided in Terms of Value (USD).

NHB: Assessment Price: Current Quarter: Maharashtra: Navi Mumbai: Carpet Area Price: above 1184 Sq Ft data was reported at 23,022.000 INR/sq ft in Dec 2024. This records an increase from the previous number of 21,335.000 INR/sq ft for Sep 2024. NHB: Assessment Price: Current Quarter: Maharashtra: Navi Mumbai: Carpet Area Price: above 1184 Sq Ft data is updated quarterly, averaging 18,525.000 INR/sq ft from Jun 2013 (Median) to Dec 2024, with 47 observations. The data reached an all-time high of 23,022.000 INR/sq ft in Dec 2024 and a record low of 12,897.000 INR/sq ft in Jun 2020. NHB: Assessment Price: Current Quarter: Maharashtra: Navi Mumbai: Carpet Area Price: above 1184 Sq Ft data remains active status in CEIC and is reported by National Housing Bank. The data is categorized under India Premium Database’s Construction and Property – Table IN.EA006: Housing Price Index: National Housing Bank: Assessment Price: Carpet Area Price: Current Quarter.

As of September 2025, Mumbai had the highest cost of living among other cities in the country, with an index value of ****. Gurgaon, a satellite city of Delhi and part of the National Capital Region (NCR) followed it with an index value of ****.  What is cost of living? The cost of living varies depending on geographical regions and factors that affect the cost of living in an area include housing, food, utilities, clothing, childcare, and fuel among others. The cost of living is calculated based on different measures such as the consumer price index (CPI), living cost indexes, and wage price index. CPI refers to the change in the value of consumer goods and services. The wage price index, on the other hand, measures the change in labor services prices due to market pressures. Lastly, the living cost indexes calculate the impact of changing costs on different households. The relationship between wages and costs determines affordability and shifts in the cost of living. Mumbai tops the list Mumbai usually tops the list of most expensive cities in India. As the financial and entertainment hub of the country, Mumbai offers wide opportunities and attracts talent from all over the country. It is the second-largest city in India and has one of the most expensive real estates in the world.

Consumer Price Index (CPI): Industrial Workers: 2016=100: Weights: Maharashtra: Mumbai: Housing data was reported at 26.480 % in Mar 2025. This stayed constant from the previous number of 26.480 % for Feb 2025. Consumer Price Index (CPI): Industrial Workers: 2016=100: Weights: Maharashtra: Mumbai: Housing data is updated monthly, averaging 26.480 % from Sep 2020 (Median) to Mar 2025, with 55 observations. The data reached an all-time high of 26.480 % in Mar 2025 and a record low of 26.480 % in Mar 2025. Consumer Price Index (CPI): Industrial Workers: 2016=100: Weights: Maharashtra: Mumbai: Housing data remains active status in CEIC and is reported by Labour Bureau. The data is categorized under India Premium Database’s Inflation – Table IN.IF006: Consumer Price Index: Industrial Workers: 2016=100: by Centre-wise: by Group-wise: Weights.