Mumbai retained its top spot in India’s residential sales for the third quarter of 2025, lifting the city’s home‑market headline. According to a Monday report from Knight Frank India, the capital sold 24,706 units, a 2 percent rise from last year, and average residential prices climbed 7 percent thanks to strong demand for homes priced above ₹10 million.
The city’s office market also fired on all cylinders. Average transacted rents jumped 11 percent year‑on‑year, marking the 13th straight quarter of rent growth in Mumbai’s key business districts. Although office transaction volume fell 27 percent to 0.18 million sq ft (1.9 million sq ft), the city still accounted for half of India’s total office volume, alongside Bengaluru and the National Capital Region.
New residential launches cooled, dropping 19 percent to 19,145 units as developers focused on completing existing projects. Yet office completions surged 94 percent YoY, delivering 1.6 million sq ft of new space in Q3 2025.
Gulam Zia, Senior Executive Director at Knight Frank, said the data shows Mumbai’s commercial sector remains solid and mature, with steady demand for high‑quality Grade A office space keeping the city among the country’s top commercial hubs.
Source: ianslive
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