The belt had 879 projects executed by 588 builders and recorded flat sales worth over Rs 40,000 crore — the highest in Greater Mumbai. It is the price efficiency that drew end-users, which contributed to the high sales.
On the supply side, 40,306 new units were launched in 2024-25, a modest 1% increase over the previous year. The western suburbs—especially the stretch from Jogeshwari to Borivli—recorded the highest activity. A total of 879 projects in this region contributed sales of 18,319 units, valuing Rs 40,083 in 2024-25, which was 39% higher than the previous year. The unsold units are 37,214, with a 22-month inventory overhang.
Colaba to Worli belt, parts of which are taken to be the priciest real estate in India, saw sales of around Rs 22,500 crore in that period. South Mumbai (Colaba to Worli) had just 169 projects but with the steepest per square foot
The unsold stock of over 84,000 flats was worth Rs 2,57,383 crore. The greatest number of ultra-expensive apartments (over Rs 20 crore) were in the Colaba-Worli belt. According to the survey, there were 1,199 such flats in this belt while none in the Jogeshwari-Borivli belt.
According to the Liases Foras survey, Mumbai's real estate market recorded its highest-ever sales in financial year 2024–25, with 49,191 units sold worth Rs 1,24,138 crore, marking a 26% growth over the previous fiscal year. "Mumbai's unsold inventory declined to 84,197 units, valued at Rs 2,57,383 crore, representing an 11% drop from last year. Robust sales momentum has significantly reduced the inventory overhang to 20 months, a dramatic improvement from the peak of 60 months in FY 2016–17," said Pankaj Kapoor, Founder, Liases Foras.
The median property price stood at Rs 27,500 per square foot, up 6% year-on year. The base price per sq ft ranged from Rs 13,300 to Rs 1,80,000, highlighting the wide price spectrum across micro-markets.
About 39% of unsold supply falls within the Rs 1crore -Rs 2 crore cost bracket of the units, and 30% is within the Rs 2crore-Rs 5 crore cost bracket. Approximately 10% of the unsold units fall within the cost bracket of more than Rs 5 crore with around 1,400 units costing over Rs 20 crore.
The central suburb has 714 projects contributing sales of 18,082 units, an 18% increase from the previous year. With 24,746, the central suburb has the least inventory overhang, at just 16 months.
