The Mumbai luxury residential market continues to drive sales in the city in Q1 2025. However, ample new supply additions in this segment (homes priced >INR 2.5 Cr) has created an inventory rise.
The increase in unsold luxury stock is mainly attributable to significant new unit additions in this price category over the last one year. While demand for these homes continues to remain strong, skyrocketing prices and headwinds like global economic slowdown have dented sales growth of these homes in the last one year.
ANAROCK data indicates that for the first time since 2022, Q1 2025 witnessed a 36% yearly increase in unsold stock of luxury homes – from approx. 6,180 units as of Q1 2024-end to nearly 8,420 units as of Q1 2025 end.
Both in first quarters of 2023 and 2024, there has been a significant decline in the unsold luxury stock as against preceding year same quarter.
In Q1 2023, there was a 29% yearly decline in luxury unsold stock in Mumbai – from approx. 18,340 units in Q1 2022-end to nearly 13,040 units as of Q1 2023-end
As of Q1 2024-end, the unsold luxury stock in the city declined by a significant 53% y-o-y to approx. 6,180 units
