The Mumbai real estate market is set to grow steadily in 2025, building upon a successful 2024 that saw over 1.41 lakh property registrations. According to property registration data and insights from Knight Frank India, the western and central suburbs remain the most sought-after locations for property investments. Additionally, satellite cities near Mumbai have gained traction among homebuyers looking for affordable and premium housing options.
Here are the five most sought-after areas for buying an apartment in the Mumbai Metropolitan Region (MMR) in 2025:
1. Western Suburbs of Mumbai
In December 2024, the western suburbs accounted for 53% of total property registrations in Mumbai. Areas like Borivali, Kandivali, Malad, Goregaon, and Dahisar contributed significantly to this high demand.
Key Highlights:
2. Central Suburbs
The central suburbs, including Mulund, Bhandup, Vikhroli, Kanjurmarg, and Ghatkopar, are popular among first-time buyers and investors.
Key Highlights:
3. Thane
Thane has emerged as a premium location within the MMR, thanks to its excellent social infrastructure and connectivity.
Key Highlights:
4. Navi Mumbai
Navi Mumbai continues to attract homebuyers due to its infrastructure development, including the Atal Setu and Navi Mumbai International Airport (NMIA).
Key Highlights:
5. Vasai-Virar
The Vasai-Virar belt is poised for significant growth due to upcoming infrastructure projects like the Mumbai-Ahmedabad bullet train, new Metro lines, and the coastal road.
Key Highlights:
Conclusion
With growing demand, improved infrastructure, and a steady increase in property prices, the Mumbai Metropolitan Region offers a wide range of options for homebuyers in 2025. Whether you’re a first-time buyer or an investor, areas like the western suburbs, central suburbs, Thane, Navi Mumbai, and Vasai-Virar present promising opportunities for both residential living and long-term investment.
FAQ’s
1. What are the top areas to buy an apartment in the Mumbai Metropolitan Region in 2025?
The top areas for buying an apartment in MMR in 2025 include the western suburbs (Borivali, Kandivali, Malad, Goregaon, Dahisar), central suburbs (Mulund, Bhandup, Vikhroli, Kanjurmarg, Ghatkopar), Thane, Navi Mumbai, and the Vasai-Virar belt.
2. What is the price range for properties in the western suburbs of Mumbai?
Property prices in the western suburbs range from ₹20,000 to ₹50,000 per sq ft. First-time homebuyers can find 1 BHK apartments priced between ₹1 crore and ₹1.50 crore.
3. Why is Thane considered a premium location for real estate investment?
Thane offers excellent social infrastructure, Metro connectivity, and a range of premium and affordable housing options. Residential property prices in Thane range from ₹15,000 to ₹25,000 per sq ft, making it an attractive option for homebuyers.
4. What impact will the Navi Mumbai International Airport (NMIA) have on property prices?
The NMIA is expected to boost demand and property prices in Navi Mumbai. Hotspots like Ulwe, Dronagiri, Panvel, and Kharghar have already seen increased demand, with property prices ranging from ₹10,000 to ₹20,000 per sq ft.
5. How is Vasai-Virar expected to grow in the coming years?
With upcoming projects like the Mumbai-Ahmedabad bullet train, new Metro lines, and the coastal road, Vasai-Virar is expected to see improved connectivity and increased residential sales. Property prices are currently around ₹10,000 per sq ft, making it an affordable option for homebuyers.
News Articles
Other Real Estate News Articles