MUMBAI DRIVES 65% OF MMR LAUNCHES, 70+% OF SALES IN Q2 2026

The Mumbai Metropolitan Region (MMR) housing market presented a mixed picture in the second quarter of 2026. According to ANAROCK Research, developers significantly increased new project launches across the region, while housing demand failed to keep pace. As a result, sales declined year-on-year even as available inventory continued to grow. Despite the slowdown in absorption, Mumbai city remained the region’s dominant residential market, contributing nearly two-thirds of all launches and more than 70% of total housing sales.

“Despite softer sales, Mumbai continued to command 65% of total supply and over 70% of total absorption. Total launches across MMR rose 23% annually to 34,555 units, led by Mumbai’s 22,360 units and a standout 54% jump in Navi Mumbai to 8,530 units. Thane also recorded healthy launch growth of 26% to 3,665 units, showing that supply expansion was broad-based rather than concentrated in just one market. Demand, however, did not match this pace.” Anuj Puri Chairman, ANAROCK Group

New Launches
34,555 Units 23% YoY Developers launched 34,555 homes across MMR in Q2 2026, compared to 28,160 units in Q2 2025.

Housing Sales
28,710 Units 8% YoY Sales declined from 31,280 units last year, indicating buyer demand softened despite higher supply.

Available Inventory
1,92,285 Units 9% YoY Unsold inventory increased across the region by the end of Q2 2026.

Mumbai’s Dominance
65% of all launches 70%+ of all sales 74% of total available inventory


MARKET INSIGHTS
Mumbai Continues to Lead: Mumbai remained the clear driver of the MMR housing market in Q2 2026. The city accounted for 65% of all new launches, more than 70% of total sales, and 74% of the region’s available inventory, reinforcing its position as the market’s primary residential hub.

Navi Mumbai Emerges as the Growth Story: Navi Mumbai recorded the strongest expansion in fresh supply during the quarter. Developers launched 8,530 homes, representing a 54% year-on-year increase. However, sales declined 13%, while available inventory rose 23%, suggesting supply grew faster than buyer demand.

Thane Holds Steady: Thane maintained a relatively balanced performance. New launches increased 26% to 3,665 units, while housing sales remained broadly stable at 3,145 units. Inventory rose 15%, indicating moderate supply expansion without a significant slowdown in demand